Fundamental Outlook: NZD/JPY
During the Asia-Pacific session, AUD remained well supported despite a wider than expected trade deficit as strength in iron ore prices and strong Chinese data which showed an 8-month high in exports and 3-year high in imports. NZD also remained well supported, following upward revisions to GDP targets with FY16/17 GDP target increased to 3.5% from 3.3% and FY17/18 target increased to 3.4% from 3.0%.…
Fundamental Outlook: NZD/JPY
During the Asia-Pacific session, AUD remained well supported despite a wider than expected trade deficit as strength in iron ore prices and strong Chinese data which showed an 8-month high in exports and 3-year high in imports. NZD also remained well supported, following upward revisions to GDP targets with FY16/17 GDP target increased to 3.5% from 3.3% and FY17/18 target increased to 3.4% from 3.0%.…
Fundamental Outlook: NZD/JPY
During the Asia-Pacific session, New Zealand CPI for Q3 beat expectations at 0.2% for both the q/q and y/y readings versus expectations of 0.0% and 0.1% respectively. We also saw the release of the RBA Minutes from their October 4 meeting where the RBA stated that “members judged holding rates at the meeting was consistent with inflation and growth targets”.…
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Fundamental Outlook: NZD/JPY
During the Asia-Pacific session, New Zealand CPI for Q3 beat expectations at 0.2% for both the q/q and y/y readings versus expectations of 0.0% and 0.1% respectively. We also saw the release of the RBA Minutes from their October 4 meeting where the RBA stated that “members judged holding rates at the meeting was consistent with inflation and growth targets”.…
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Fundamental Outlook: NZD/JPY
During the Asia-Pacific session reports of nuclear tests by North Korea along with comments from BoJ Governor Kuroda that no special instructions were received from PM Abe and that they did not discuss foreign bond purchases, has saw JPY supported with USDJPY declining to once again test 102.00
There is no tier 1 data due in today’s London session.…
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Fundamental Outlook: NZD/JPY
During the Asia-Pacific session reports of nuclear tests by North Korea along with comments from BoJ Governor Kuroda that no special instructions were received from PM Abe and that they did not discuss foreign bond purchases, has saw JPY supported with USDJPY declining to once again test 102.00
There is no tier 1 data due in today’s London session.…
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Fundamental Outlook: NZD/JPY
During the Asia-Pacific session the main event was the latest RBA Monetary Policy Decision which saw the RBA remain on hold as widely expected stating that “recent data suggest that overall growth continues despite a fall in business investment” however “inflation still quite low and is expected to remain low for quite some time”.…
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Fundamental Outlook: NZD/JPY
During the Asia-Pacific session the main event was the latest RBA Monetary Policy Decision which saw the RBA remain on hold as widely expected stating that “recent data suggest that overall growth continues despite a fall in business investment” however “inflation still quite low and is expected to remain low for quite some time”.…
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