January 30, 2025 at 04:52AM
Japan expects an increase in debt-service costs by 25% by 2028
Trump says he has been briefed on ‘terrible accident’ – helicoper and plane collide
RBA looks at how changes in monetary policy flow through to the economy, impact inflation
Reserve Bank of Australia Brad Jones, Assistant Governor (Financial System) speaking soon
Goldman Sachs still expect June and December Federal Reserve rate cuts
If you hear of an incident at DCA airport in Washington – there is an aircraft down
Nissan to cut worker numbers at Tennessee and Mississippi plants
Bank of Japan Deputy Governor Ryozo Himino is speaking soon
Yen finding strength, USD/JPY around 154.50
Goldman Sachs CEO sees narrow range of 2025 Federal Reserve rates amid inflation concerns
National Australia Bank forecasting a February Reserve Bank of Australia interest rate cut
Australian export prices rise in Q4 2024
Trump to rescind rule requiring states to set declining targets 4 greenhouse gas emissions
New Zealand January business confidence 54.4 (prior 62.3)
Canadian Foreign Minister Joly says ‘cautiously optimistic’ about tariff talks with Rubio
Arrangements for a meeting between Trump and Japan PM Ishiba close to being finalised
Bank of Canada Governor Macklem says tariff threat weighing on CAD
Subtle shift in the FOMC statement language indicates why rate cuts have been put on hold
Goldman Sachs says Federal Reserve is waiting for further inflation progress to cut again
Reserve Bank of Australia to cut interest rates say ANZ, Commonwealth Bank and Westpac
Forexlive Americas FX news wrap 29 Jan. The BOC cuts rates by 25 bps. Fed remains steady.
New Zealand data – December 2024 trade balance surplus (exports up, imports weaker)
Markets in Asia will be disrupted by holidays again today
Trump speaking – he is really upset the Federal Reserve didn’t cut interest rates
Microsoft and Tesla shares lower after earnings
Trade ideas thread – Thursday, 30 January, insightful charts, technical analysis, ideas
JPY
was the notable mover on the session. USD/JPY traded from an early
session high around 155.20 to lows circa 154.30 before stabilising
somewhat (its poking 154.60 as I update).
There
was no major fresh news for either the USD or JPY. One item I did
note was that plans have firmed up for a meeting between Japan’s
Prime Minister Shigeru Ishiba and President Trump in Washington on
February 7. In the post to let everyone know, I speculated that there
might be some currency discussion between the two, a lower dollar and a
higher yen would be a win for each of them. I thought perhaps such a
discussion would be unlikely, but maybe there was something in it. I
can’t find anything else that may have catalysed the move down
for the pair today.
One
thing I will add is that liquidity was thinner than normal with Hong
Kong and Singapore markets out for holidays (mainland China too).
Elsewhere
major FX was relatively subdued. As I post the USD is gaining a few
tics.
In
non-market news, there was a horrendous collision in Washington DC
between a military helicopter and a commercial passenger plane. There
are multiple fatalities.
This article was written by Eamonn Sheridan at www.forexlive.com.