- Bank of Japan March meeting minutes recap - BOJ "debated risk of inflation overshoot"
- FX option expiries forMonday, 8 May 2023 at the 10am New York cut
- Australia Business confidence (April) 0 (prior -1) and Conditions +14 (prior +16)
- Australia Building Permits (March) -0.1% m/m (expected +3.0%)
- More on European Union proposed sanctions on Chinese firms supporting Russia's war
- PBOC sets USD/ CNY reference rate for today at 6.9158 (vs. estimate at 6.9159)
- Weekend news - Explosion and fire aboard an oil tanker in the South China Sea
- Japan services PMI for April 55.4 (prior 54.9)
- BOJ March meeting minutes - must be vigilant on accelerating inflation
- Japan downgraded the legal status of COVID-19 to the same category as seasonal influenza
- Full recap of everything Warren Buffett & Charlie Munger said at Berkshire annual meeting
- Saudi Crown Prince Salman & White House national security adviser Sullivan spoke Sunday
- Canadian province of Alberta declares wildfire emergency (major oil producer)
- Elon Musk agrees with Cathie Wood that banking crisis is not over
- Cathie Wood says the banking crisis "is not over" ... "the Fed has gone too far"
- The EU is planning sanctions on Chinese firms supporting Russia's war on Ukraine
- Weekend - Vitol says China gasoline demand picking up, jet fuel missing in action
- Weekend gold data - China increased its reserves for the sixth consecutive month
- Trade ideas thread - Monday, 8 May 2023
- ECB's Knot says interest rate hikes are starting to impact, more will be needed
- Binance has resumed Bitcoin withdrawals after temporary disruption
- Monday morning open levels - indicative forex prices - 08 May 2023
- Key Market Moving Events for Traders and Investors: May 8th-12th, 2023
- Yellen warns of constitutional crisis if congress fails to address debt ceiling
- Berkshire holds annual meeting. Buffett remains upbeat and optimistic
- S&P 500 E-mini Futures Technical Analysis: Simplified View for a Bullish Ride to 4200
- Newsquawk Week Ahead 8-12th: US CPI, Fed SLOOS, UK GDP, China Inflation, BoJ SOO
- Meet Adam Button in South Africa this week
- Forexlive Americas FX news wrap 5 May. US jobs report continued to show some slowing
USD/JPY traded above 135.20 early in the session. Japan reopened after holidays last week on Wednesday, Thursday and Friday. The news of note today was the publication of Bank of Japan Minutes from the March meeting. This was the final meeting under Governor Kuroda and there were no changes to policy made. The minutes were a mixed bag, with plenty of wariness on rising inflation indications but assurances, again, that policy would remain loose. USD/JPY lost ground after the minutes were published, the less dovish (yen) take ascendant.
From Australia we had the National Australia Bank Business Survey results for the first month of Q2, April. Business confidence registered at zero, up from -4, not a strong reading. Business conditions, though, while dropping to +14 from March’s +16, remained solid but well down from highs circa +24 in mid-2022. Price pressure indications in the survey (inflation) cooled a little but are still at higher than comfortable levels. AUD/USD ticked a few points higher.
Subdued ranges were evident across major FX otherwise. News and data flow was light.
