The Traderszone Network

BOJ board member still speaking 12 Oct
USDJPY still 103.62 but we are seeing some yen demand overall in what is still a generally USD-positive sentiment with eyes on the FOMC Minutes later at 18.00 GMT

EURUSD has posted new
session lows of 1.1032 12 Oct
Lows not seen since 27 July
Hearing talk of a large Middle East name behind the latest wave of selling.

BOJ board member Harada still speaking 12 Oct
– won’t reduce bond buying even if 10year yields slip below target
Try and stay awake at the back.
USDJPY still nudging higher at 103.61 with Nikkei still paring a few losses from the 16848.15 lows. Currently down -0.69% at 1607.57

Lack of clear commitment from Russia to slash production is exacerbating investors’ doubts whether or not the preliminary agreement OPEC members reached in late September to cut production by between 200,000 to 700,000 barrels a day, will materialize
read more

Oil prices will stage a modest recovery in Q4 but additional gains will hinge on OPEC, a CNBC survey showed.

BOJ board member Harada out with a scheduled speech 12 Oct
–

can further increase monetary base under new framework
– it’s true that price target has been delayed
Oh really? Stunningly under-informed/naieve comment by Harada that last one.