Your forexlive.com ENewsletter

---

• EUR/USD trips stops through 1.3200
• Japan FinMin Aso: Will intervene in currency market when speculation drives excessive yen gains OR LOSSES
• Japan FinMin Aso: Wants to reach agreement with BOJ on inflation target before BOJ January 21-22 meeting
• China central bank: Sees weakness, uncertainty in world economy
• EUR/USD extends sell-off
• China central bank says current inflation situation relatively stable
• Works everytime……..
• Japan Economy Minister Amari: Will work more closely with BOJ to establish shared policy goals
• Got to go run a little errand…..
• Japan’s call for weaker yen spurs talk of copycat moves – WSJ
• French Q3 GDP final reading +0.1% q/q
• Has it finally stopped………
• Here’s what’s behind the collapse of the Japanese yen – The biggest economic story in the World
• European stocks look set to open fairly steady
• Goldman Sachs buying Japan’s exporters on Abe policy bets
• Ideas Corner/December 28th
• Abe to consider fund to buy foreign bonds
• ForexLive Asia Wrap for Friday 28Dec2012: You Guessed It – A Weaker Yen Again Today
• Abe’s Key Economic Panel: The Council on Economic and Fiscal Policy
• 2012 “Best of” lists – here’s one about the Euro

EUR/USD trips stops through 1.3200 Posted: 28 Dec 2012 01:31 AM PST And we quickly made it to session low 1,3179, presently 1.3185. Talk of more stops through 1.3170.

Japan FinMin Aso: Will intervene in currency market when speculation drives excessive yen gains OR LOSSES Posted: 28 Dec 2012 01:21 AM PST That’s put the cat among the pigeons USD/JPY down at 86.05, EUR/JPY extends sell-off to 113.45. I feel comfortable in saying I don’t expect to see the Japanese authorites intervening anytime soon.

Japan FinMin Aso: Wants to reach agreement with BOJ on inflation target before BOJ January 21-22 meeting Posted: 28 Dec 2012 01:18 AM PST

China central bank: Sees weakness, uncertainty in world economy Posted: 28 Dec 2012 01:13 AM PST Happy Dayz

EUR/USD extends sell-off Posted: 28 Dec 2012 01:06 AM PST Amid talk of the EUR/JPY cross being sold out of the Far East.  The cross has slipped through 114.00, presently at 113.95. Guess there are a few decent profits to be booked after the recent healthy rally.

China central bank says current inflation situation relatively stable Posted: 28 Dec 2012 12:58 AM PST Will use various policy tools to guide steady growth in credit, social financing Will push ahead with exchange rate reform while keeping yuan rate basically stable

Works everytime…….. Posted: 28 Dec 2012 12:53 AM PST As soon as my back’s turned whooooooooooooooosh………………….everything kicks off. EUR/USD has been down to test aforementioned buy orders at 1.3220/25 (session low so far 1.3221 on EBS)  We’re presently at 1.3225. More buy orders clustered down at 1.3200/05, sell stops below there apparently.

Japan Economy Minister Amari: Will work more closely with BOJ to establish shared policy goals Posted: 28 Dec 2012 12:46 AM PST Will send clear message to markets of strong determination to achieve govt’s and BOJ’s shared goals May consider establishing public-private sector fund as tool to address yen strength

Got to go run a little errand….. Posted: 28 Dec 2012 12:18 AM PST For 15 minutes. If anything’s gonna move, now’s the likely time

Japan’s call for weaker yen spurs talk of copycat moves – WSJ Posted: 28 Dec 2012 12:12 AM PST Who wud have thunk it…….. If you want to read the article, do a google search using the headline. Korean (BOK) and Singaporean (MAS) authorities were in earlier selling their respective currencies for US dollars.

French Q3 GDP final reading +0.1% q/q Posted: 27 Dec 2012 11:47 PM PST Down from previous +0.2%. French November consumer spending +0.2%, better than Reuters’ median forecast of flat.

Has it finally stopped……… Posted: 27 Dec 2012 11:32 PM PST The volatility I mean…… Bout time. EUR/USD stomping up and down on the spot, presently at 1.3250. Buy orders clustered 1.3220/25 and more down at 1.3200/05. Haven’t a clue where sell stops gathered and to be honest I don’t give a monkeys. Sell orders clustered 1.3290 to 1.3310, buy stops through 1.3320.

Here’s what’s behind the collapse of the Japanese yen – The biggest economic story in the World Posted: 27 Dec 2012 11:03 PM PST Business Insider

European stocks look set to open fairly steady Posted: 27 Dec 2012 10:33 PM PST As global markets await the outcome of US fiscal cliff deliberations. Financial bookies see FTSE up around +0.2%, DAX and CAC down around -0.1%.

Goldman Sachs buying Japan’s exporters on Abe policy bets Posted: 27 Dec 2012 10:20 PM PST Goldman Sachs is buying shares of Japanese exporters and banks as Prime Minister Shinzo Abe’s new government promises to do more to end deflation and weaken the yen.

Ideas Corner/December 28th Posted: 27 Dec 2012 09:56 PM PST Got any ideas you’d like to share with your fellow readers, then here’s where to stick ‘em.

Abe to consider fund to buy foreign bonds Posted: 27 Dec 2012 09:25 PM PST Chief Cabinet Secretary Yoshihide Suga said the government is studying the possibility of setting up a fund involving the government, the BOJ and the private sector to buy foreign bonds as part of its efforts to defeat delation.

ForexLive Asia Wrap for Friday 28Dec2012: You Guessed It – A Weaker Yen Again Today Posted: 27 Dec 2012 08:46 PM PST Heavy data day out of Japan. The weakness of the data seems to further bolster Abe’s hand on stimulus: Japan December Manufacturing PMI 45.0 (Nov. was 46.5) Japan November Unemployment Rate 4.1% (Market expected 4.2%) Japan November CPI -0.2% y/y (Market Expected -0.2%) Japan November CPI Ex-Fresh Food -0.1% y/y (Market expected -0.1%) Japan November CPI Ex-Fresh Food, Energy -0.5% y/y (Market expected -0.5%) Japan November Household Spending 0.2% y/y (Expected was +0.7%) Japan November Retail Trade figures 1.3% y/y (Market Expected +1.1%) Japan (Preliminary) November Industrial Production -1.7% m/m (Expected was -0.5%) Japan November Labour Average Monthly Cash Earnings -1.1% y/y (Market Expected -0.4%) China December MNI Business Sentiment Indicator 52.22 (Nov. was 53.75)   The Japanese Finance Minister, Aso, and BOJ Head Shirakawa met this morning for a courtesy call, apparently they did not discuss Monetary Policy The latest on the Fiscal Cliff is that Obama will be meeting with congressional leaders Reid, McConnell, Boehner and Pelosi at the White House on Friday at 2000GMT. The Washington Post is, however, reporting that McConnell is engaging directly in talks with the White House. USD/JPY hit a new high for this move again today, at 86.64 (and EUR/JPY to 114.45). Other currencies were bound in tight ranges.

Abe’s Key Economic Panel: The Council on Economic and Fiscal Policy Posted: 27 Dec 2012 07:12 PM PST The revived Council will support Abe with advice; 4 members are: Norio Sasaki, President of Toshiba Corp., Yoshimitsu Kobayashi, President of Mitsubishi Chemical Holdings Corp., Motoshige Ito, an economics professor at the University of Tokyo’s graduate school, Susumu Takahashi, chairman of the Japan Research Institute.

2012 “Best of” lists – here’s one about the Euro Posted: 27 Dec 2012 06:54 PM PST The six events, in ascending order of importance, that ensured the survival of the Euro through 2012. As chosen by the WSJ. (I love these ‘best of’ lists ) How Europe’s Currency Survived 2012 Intact (Gated – a news search on the headline may turn up something)

You are subscribed to email updates from ForexLive To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610