The Traderszone Network

Soggy day for Japanese equities as USDJPY falls post-Yellen
– -224.57
– open 17078.03
– high 17078.03
– low 16875.91
– USDJPY 112.24 also just off session lows

Latest Swiss data now out
– prev revised down from 1.66
Not price changing data. USDCHF 0.9657 EURCHF still underpinned at 1.0914
The UBS Consumption Indicator is a leading indicator of private
consumption trends.
This indicator is a combined reading of five indicators, including
consumer confidence, consumer spending, tourism, new car sales, and
retail activity.

The Nikkei 225 has continued to edge lower after the USDJPY fall post-Yellen
– Nikkei now down -1.23% at 16893.51
– USDJPY 112.29 near session lows in a chicken and egg move
Year-end yen demand also playing its part.

The dollar extends the weak tone overnight caused by Federal Reserve Chairwoman Janet Yellen’s cautious stance on interest rate increases.
read more

Gold prices remain low in historical terms, despite a rally at the start of this year, but demand may yet appear from an unexpected source.

Story on Bloomberg citing sources close to the scene.
– plans could be announced as early as this Summer
– central bank is seeking regulatory oversight for if financial institutions are acting in a prudent manner