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Friday, December 20, 2024

Asia Market Movers: ForexLive Asia-Pacific FX news wrap: Japan’s Kato verbal intervention boosts yen

ForexLive Asia-Pacific FX news wrap: Japan's Kato verbal intervention boosts yen

Japan yen intervention official says will take appropriate action against excess FX moves China one year bond yield drops to 1%, first time in 15 years New Zealand credit card spending -3.2% y/y in No... 

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Japan yen intervention official says will take appropriate action against excess FX moves

Mimura verbal intervention. Atsushi Mimura is Japan's vice finance minister for international affairs, AKA 'top currency diplomat'. Am gravely concerned about forex moves. Will take appropriate action... 

China one year bond yield drops to 1%, first time in 15 years

China one year bond yield drops to 1%, first time since 2009. Earlier today we had the 1- and 5-year rates set unchanged: PBOC sets 1 year Loan Prime Rate (LPR) at 3.1% and 5-year at 3.6%, both unchan... 

New Zealand credit card spending -3.2% y/y in November (prior +0.3%)

New Zealand credit card spending for December 2024 -3.2% y/y prior +0.3%% -1.3% m/m prior+0.4% Poor data. The GDP data yesterday was terrible, showing NZ in a recession. I noted later there were 'gree... 

South Korea to ease FX regulations to improve liquidity conditions

Finance ministry / Bank of Korea joint statement: South Korea to ease FX regulations to improve liquidity conditions No further details as yet. Here we go, more, via Reuters:... 

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FX option expiries for 19 December 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . And they are for EUR/USD once again, layered between 1.0365 to 1.0400. The pair is catching a notable downside break under 1.040... 

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