The Traderszone Network

Latest data now out
A decline but not significant in amount
AUDUSD 0.7051

‘China said to intervene to support stock market Friday’
Bloomberg headline, no further detail at this stage.
Not too surprising.

Forex news for Asia trading Friday 8 January 2016
China
While we waited for the washing machine movements in Chinese markets today there were a few items to keep us interested.

Comments from Bank of Japan (BOJ) Governor Kuroda crossing now
– Hard to gauge price trend without excluding oil impact
– Important to examine various data to grasp price trend
Headlines on Bloomberg

China’s ordered banks in some trading hubs to limit dollar purchases this month in the latest attempt to stem capital outflows.

The headline was earlier
Reuters have published a little more now:
“State-owned banks were offering dollar liquidity around 6.59, suspected to be on behalf of the central bank,” said a trader at a European bank in Shanghai. “This happened both today and yesterday.”

Some comments from Japanese Prime Minister Abe in parliament
– Cannot say Japan has ended deflation yet
– Japan is making progress to end deflation
–
I had Bank of Japan (BOJ) Governor Kuroda scheduled to appear in parliament but so far nothing to report from him