ForexLive Asia-Pacific FX information wrap: Japan GDP knowledge a lot greater than anticipated, yen up

• Japan December 2024 Industrial Manufacturing -Zero.2% m/m (preliminary +Zero.three% m/m, prior -2.2%)
• China’s Xi attended a symposium on personal enterprises
• Federal Reserve audio system Monday embrace Harker, Bowman and Waller (Waller within the night)
• BoJ more likely to elevate charges as early as Could if Shunto wage speak outcomes as robust as 2024
• Japan chief cupboard secretary Hayashi warns on changing into goal of Trump tariffs
• PBOC gov on Sunday – market will proceed decisive position in deciding the yuan change charge
• Trump’s director of the Nationwide Financial Council often ‘assembly’ with Fed’s Powell
• Goldman Sachs has raised its 12-month forecasts for key Chinese language inventory indices
• UK companies planning ‘most brutal spherical of job cuts in a decade’
• PBOC units USD/ CNY reference charge for at the moment at 7.1702 (vs. estimate at 7.2617)
• Japan economic system minister Akazawa is cautious in regards to the robust GDP consequence. ps. Yen nonetheless rising.
• Singapore non-oil home exports (NODX) -2.1% in January (vs. -1.1% anticipated, prior +9%)
• Trump / Musk DOGE in search of to entry US IRS private taxpayer knowledge
• Nomura count on a hawkish charge reduce from the Reserve Financial institution of Australia this week
• USD/JPY traded below 152.00 after the very robust This fall financial progress knowledge
• Japan This fall GDP surges to +2.eight% annualized (from +1.Zero% anticipated), deflator hits 2.eight% – yen up
• HSBC: ECB’s Dovish Alerts and Market Implications
• UK – 64Okay birds are being culled after a suspected case of hen flu
• EURUSD might climb 5% if (large if) Russia Ukraine ceasefire is adopted by gasoline provide enhance
• On Monday, February 17, 2025, all main U.S. monetary markets shall be closed
• BoA survey exhibits the US greenback is anticipated to high out in Q1 2025
• NZIER RBNZ Shadow Board recommends OCR reduce by 50bp on February 19
• Ukraine talks between US and Russian officers in Saudi Arabia anticipated on Tuesday
• New Zealand January companies PMI soar into growth at 50.four (prior 47.9)
• Commerce concepts thread – Monday, 17 February, insightful charts, technical evaluation, concepts
• Trump says working very exhausting to make peace, Zelinskiy concerned
• Monday morning open ranges – indicative foreign exchange costs – 17 February 2025
• Newsquawk Week Forward: RBA, RBNZ, FOMC Minutes, PMIs, Canada, UK and Japan inflation
• Weekly Market Outlook (17-21 February)
• Ubaidahsan Americas FX information wrap 14 Feb: Retail gross sales present shopper weak point to start out yr

This fall
2024 GDP knowledge from Japan got here in a lot stronger than anticipated at +2.eight%
y/y (anticipated +1.Zero%), sending the yen instantly greater. USD/JPY
dropped to round 151.90 earlier than displaying some stability however the transfer
decrease quickly continued in direction of 151.50.

This fall
GDP confirmed Japan’s
economic system increasing
for third straight quarter with
positives from internet exports and enterprise capex, amongst others, whereas
home demand did drag somewhat.

The
USD confirmed some weak point extra broadly, however a lot of this dissipated as
the session wore on.

Gold
confirmed some life, buying and selling again above USD2900.

From
China at the moment was the information that Xi attended a gathering with Chinese language key
personal sector leaders and gave a sup[portive speech. The learn on
that is the assembly alerts a extra supportive stance from his
authorities towards personal corporations after a very long time of ignoring the
sector. Xi’s presence on the symposium at the moment is level to
doubtlessly substantial endorsement.

Take
be aware, its a US vacation on Monday, February 17, 2025:

• the
  NYSE and NASDAQ are closed
• bonds
  is not going to commerce
• FX
  commerce shall be mild liquidity
• CME
  futures shut at noon Central time and reopen at 5pm (1300 – 1800
  US Jap time)

In
Canada the TSX shall be closed.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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