Fed’s preferred PCE price index, Central bankers’ speeches – Key

By FXStreet FXStreet (Mumbai) – A quiet start to a macro-busy week ahead, with all eyes set on the US economic releases, with the non-farm payroll in the spotlight. The yen was better bid versus the US dollar in Asia while the Antipodeans turned in to the positive territory after opening slightly lower.

Key headlines in Asia

Monetary policy framework is flexible and supporting the economy – RBNZ

China to unveil over 10 policy measures in Q4 2015 to stabilize growth – Xinhua

China’s industrial profits plunge -8.8% y/y in August vs. -2.9% July

Dominating themes in Asia – centered on JPY, AUD, NZD

An absolutely eventless Asian session, with the US dollar on the back foot against its major competitors, awaiting plenty of US event risk in the week ahead. Asian markets were a mixed bag with the stocks on the Japanese and Chinese bourses in the red. While Australia’s ASX rallied as the banking stocks supported the index.

The Japanese yen keeps the upper edge over its American counterpart, with USD/JPY losing -0.06% to 120.40, finding it difficult to extend beyond 120.50 levels. The major hovers above the key hourly 200-MA located at 120.25 and remains pressured as markets resort to profit-taking on their …read more

Source:: FX Street