The Traderszone Network

Here’s what the  DTCC have listed at the moment
– USDJPY 117.00 (USD 302m) 118.75-85  (305m)
– EURUSD .0870 (383m) 1.0900 (335m) 1.0925 (432m)
1.0850-60 ( EUR 1bln) 1
– USDCHF 0.9825 (USD 318m)

Forex news for Asia trading Thursday 21 January 2016
The S&P and oil price bounce fed into better sentiment as Asia opened today. There was some early fun as the rally in oil prices was overstated somewhat – some market commentators mistook the new contract prices (7% or so higher than the expiring contract) as some sort of huge rally. Dear oh dear.

China’s fragile stock markets started weaker on Thursday after Wall Street struck its lowest levels since 2014, though the main indexes for Shanghai and Shenzhen bourses still clung to gains for the week. The currency also had a volatile start to 2016, but the People’s Bank of China (PBOC) has kept a steady course for the yuan’s daily midpoint fix, from which it can vary by up to 2 percent, for two weeks.

Foxconn, the Taiwanese company that assembles the bulk of the world’s iPhones, has offered about ¥625 billion ($5.3 billion) to take over troubled Japanese electronics maker Sharp Corp., according to people familiar with the matter.
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From the close of the US day session, offshore Yuan began to weaken and despite the largest liquidity injection in 3 years, has tumbled almost 200 pips from the dead-cat-bounce highs, testing the lows once again. This in turn has weighed on crude and dropped Dow futures 140 points off the after-hours highs…

As Yuan tumbled so Crude and stocks lurched lower…

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Comments from Bank of Japan (BOJ) Governor Kuroda in the Japanese parliament today:
– QQE exerting intended effects
– Japan’s economy continues to recover moderately
Headlines via Reuters 

Barclays PLC  is closing its cash equities businesses in Asia and completely pulling out of two markets in the region, according to people familiar with the matter.

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