The Traderszone Network

Investors scrambled to buy the dollar on a surprise easing move out of Japan, but that quickly turned to disappointment and the dollar is now plunging.
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BOJ gov Kuroda’s press conference is due to start shortly at 06.30 GMT
USDJPY broke down through decent  at 122.00 as Nikkei posted fresh end of session losses

More bad supply news for oil as stockpiles at Cushing, Okla.

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Forex news for Asia-Pacific trading Dec 18, 2015:
– Nikkei down 1.6% to 19,038
– Japan 10-year yields down 2 bps to 0.281%
– Shanghai Comp +0.2%
– JPY leads, USD lags
In the broadest sense, there as a theme of light US dollar weakness throughout the market. USD is 15-25 pips weaker across the board but that’s a marginal move compared to the big post-Fed USD gains. Still, it bears watching as the day progresses, especially with equity markets souring.

Forecasts out from the India’s fin ministry
– economy has made considerable progress but challenges remain
– govt to stick to budgeted fiscal deficit target of 3.9%/GDP
The current EM powerhouse rightly expressing notes of caution 

China’s capital Beijing issued its second smog red alert of the month on Friday, triggering vehicle restrictions and forcing schools to close.

Closing on session lows after the post-BOJ roller coaster ride
– -366.76
– USDJPY finally breaking down through 122.00 under the continued equity-related pressure