The Traderszone Network

TOKYO/WASHINGTON (Reuters) – Honda Motor Co said it was ditching air bag inflators made by Japan’s Takata Corp (7312.T), after the top U.S. auto safety regulator on Tuesday fined the supplier $70 million and ordered it to stop using a potentially dangerous propellant. Regulators have linked eight deaths – all in cars made by Takata’s biggest air bag customer Honda – to the inflators, which use ammonium nitrate and can explode with too much force, spraying metal fragments inside vehicles.

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Oil prices slipped in thin trading on Wednesday as investors took profit from the previous session’s rally, although supply disruptions in Brazil and Libya helped to limit the losses. “(Investors are) taking short-term positions after a good rally,” said Michael McCarthy, chief market strategist at Sydney’s CMC Markets. It’s still not clear whether the service numbers would be a big enough boost to strengthen demand in the world’s top consumer of energy, metals and other commodities.

Here’s what the DTCC have listed at the moment
– USDJPY 120.00 (USD 450m) 122.00 (556m)
– EURUSD 1.0925 (EUR 300m) 1.0950 (EUR 247m)
– GBPUSD nothing of note

Cowboys are helping to prop up a lackluster U.S. economy, with pick-up truck sales providing outsized support, DBS said.

Data out a short while ago but not a price mover
– 40.6 prev
Encouraging data for Abe/Kuroda. File under “General Info”
USDJPY 121.08 still in retreat as Nikkei pares early gains

Prosecutors alleged that on occasion, Panther Trading was the largest market player despite only having seven traders, the FT reports.