All eyes on non-farm payrolls

By FXStreet FXStreet (Mumbai) – The pre-NFP calm spread across Asia, with Asian equities posting moderate gains. Among the Asia-Pac currencies, the yen remained bid versus the US dollar, while markets digest the latest comments from BOJ Governor Kuroda as he speaks at a meeting held by the Naigai Josei Chosa Kai (Research Institute of Japan) in Tokyo.

Key headlines in Asia

BOJ’s Kuroda: Japan’s economic fundamentals remain solid

BoJ’s Kuroda: Additional headlines hitting the wires

RBA SoMP: Improved economic conditions, inflation forecast revised down

Fed’s Bullard: Guidance about possible Dec rate hike was needed

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

The Reserve Bank of Australia’s (RBA) Statement of Monetary Policy (SoMP) and Bank of Japan (BOJ) Governor Kuroda’s speech were the two main events that made up for a data-empty Asian calendar. While the RBA SoMP turned out mixed and weighed slightly on the Aussie, the latter’s speech had little impact on the USD/JPY pair.

The Aussie remains capped below 0.7150/55 band as markets continue to digest the latest quarterly SoMP, which almost confirmed further easing from RBA, after the central bank downwardly revised CPI and GDP forecasts. While its OZ counterpart, the Kiwi trades modestly flat, holding onto …read more

Source:: FX Street