The Traderszone Network

Forex news for Asia trading Monday 19 June 2017 
Weekend
USD/JPY popped above 111 from circa 110.80 lows earlier in Asia today. Japanese data today was a little less supportive for the yen (a surprise trade deficit, but note that exports were still strong – see bullets above for details on the results) but the extent to which that drove yen selling is debatable – there was some broader USD strength evident also. Not a lot, but we did get some EUR and CHF weakness against the USD.

Head of the New York Federal Reserve William Dudley is due to speak at 1200GMT – which is not too far off
– This is a ‘business roundtable’ discussion
Later, and just scraping in to ‘Monday’ will be Charles Evans, head of the Chicago Federal Reserve

President Donald Trump’s son-in-law and senior White House adviser, Jared Kushner, plans to travel to the Middle East this week to try to advance U.S.

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The dollar index has found support, for now, around 97, but the trend is to the downside, Daryl Guppy says.

The focus on just Fed rate hikes has broadened to consider what other central banks might do, says Nick Bennenbroek, Wells Fargo Securities.

The S&P has topped at 1350 right here right now or is within 10 points depending on how many 11 figure hedge fund traders like thorn remain who still need to cover their 1326 short, I give myself wiggle room to 1360.

IF S&P trades above 1360 anytime this year I will leave Elite Trader forever.

Stock markets were higher in Asia early Monday, with resilience in U.S.

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