Forexlive Asia-pacific FX news wrap 14 Jun: BoJ leaves rates & bond purchases unchanged

Apart from the volatility in the JPY, the Asia-Pacific session has seen mostly muted flows across major asset classes.

Equities: Mostly mixed with North American equity futures mixed with the Russel and Dow lower while the ES and NQ is marginally higher). EMEA equity futures have seen a bit of a bounce but nothing too exciting right now. While Asia-Pac equity futures trades mixed as will (Chinese futures mostly lower while the Nikkei higher following the BoJ).

Commodities: Mixed as well with energy lower, base metals higher and precious metals mixed.

Bonds: Mostly higher this morning but moves have been marginal and yields remain close to yesterday’s lows for the most part.

FX: The JPY is the weakest after the BoJ didn’t follow through with reducing bond purchases, while the USD is the strongest on the session so far (continuation of yesterday’s strength for the most part).

• BoJ’s decision today is a good lesson on source reports
• USDJPY approaching 157.90 after BoJ decision
• JPY falls after BoJ decides not to reduce bond purchases
• BoJ maintains overnight rates at 0.1%
• ANZ expects RBNZ to cut sooner than previously signaled
• Key levels to watch for JPY pairs ahead of the BoJ
• Implied rate expectations for the BoJ ahead of today’s decision
• S. Korea & US hold emergency call over possible Putin visit to North Korea
• PBoC injects 2 billion Yuan via 7-day reverse repos
• 43 of 43 economists surveyed agree that RBA will leave rates on hold in June
• PBOC sets USD/ CNY reference rate for today at 7.1151 (vs. estimate at 7.2620)
• Japan’s Suzuki saying will monitor impact of China’s excess production
• ING expect first Fed rate cut in Sep after this week’s data
• What are markets expecting from the BoJ today?
• PBOC is expected to set the USD/CNY reference rate at 7.2620
• What time is the BoJ today?
• EUR pairs remain close to weekly lows after recent political shenanigans
• Central bank speakers on the wires today
• Today’s economic calendar highlights
• NZ food price index -0.2 vs 0.6 prior
• NZ Manufacturing PMI 47.2 vs 48.9 prior
• US State department concerned about Iran’s expansion of nuclear program
• EUR the weakest while CHF the strongest as we head into the Asia-Pac session
• South Korea export price growth YY 7.5% versus 6.2% prior
• Why the lack of reaction to PPI?

This article was written by Arno V Venter at www.forexlive.com.