22 February, 2016 by The TZ Newswire Staff Comments Off on Japan official: Will continue to carefully monitor currencies
Japan official: Will continue to carefully monitor currencies
Comments from vice finance minister Manabu Sakai in parliament
– Will continue to carefully monitor currencies
Japan is digging itself into a deep hole, with concerns mounting the yen buying my accelerate into a
22 February, 2016 by The TZ Newswire Staff Comments Off on Opening indications for Chinese stockmarkets: Shanghai Comp to open -0.1%
Opening indications for Chinese stockmarkets: Shanghai Comp to open -0.1%
CSI300 index to open -0.1% also
22 February, 2016 by The TZ Newswire Staff Comments Off on BOJ’s Kuroda comments as yen firms in Asian trade
BOJ’s Kuroda comments as yen firms in Asian trade
Kuroda going over the same old ground with his comments
Meanwhile USD/JPY back under 112.50, down more than 50 points from earlier highs.
The Nikkei isn’t much changed, around +0.2% as I update
22 February, 2016 by The TZ Newswire Staff Comments Off on PBOC open market operations today: Injects 130bn yuan
PBOC open market operations today: Injects 130bn yuan
PBOC injects 130bn yuan via 7-day reverse repos
22 February, 2016 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY central rate at 6.5273
PBOC sets USD/CNY central rate at 6.5273
Yesterday’s yuan reference rate was set at 6.5165
A weakening of the CNY today
And a
big injection of funds to the money market
22 February, 2016 by The TZ Newswire Staff Comments Off on Deutsche Bank warn yen strength may become a self-fulfilling cycle
Deutsche Bank warn yen strength may become a self-fulfilling cycle
From a Deutsche Bank (macro strategist Alan Ruskin) client note
– A risk the yen strength will become self-fulfilling
– Many of the hedging activities associated with a weak yen in the first four years of Abenomics could go into reverse
Outlook for BOJ policy:
22 February, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Glut imperils North Sea oil industry, trade group says
The Wall Street Journal: Glut imperils North Sea oil industry, trade group says
The U.K.’s decades-old offshore oil-and-gas industry is perched “at the edge of a chasm” amid a historic rout in oil prices that is pushing almost half of the sector’s producing fields into a loss and curbing investment in new ones, trade association Oil & Gas UK said in a report published Tuesday.
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