Boston eFX 18:27 GMT October 27, 2011
Subject: The Rise of the Yen (video)
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The Bank of Japan's latest commitment to buy bonds had little impact on the currency. Dow Jones' Martin Essex analyzes whether the Japanese authorities have given up the fight against the currency's appreciation.
The Rise of the Yen (video)
Boston eFX 02:30 GMT October 27, 2011
Subject: EUR/USD Daily Asia Outlook 10/27
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(Dow Jones via eFXnews) EUR/USD - to consolidate. Supported by German lawmakers approving plan to leverage euro-zone EFSF bailout fund; EU statement saying banks should reach 9% capital ratios by June 2012 and can use bail-out funds if private funds not available; options to create special-purpose vehicles and other debt insurance, though size of Greek debt write-down remain in disagreement with bondholders; reports French president Sarkozy meeting China's Hu Jintao today about joining special fund to extend EFSF. EUR/USD also supported by sovereign demand for euro; but gains tempered by fears of euro-zone economic recession, pressure on ECB to cut interest rates.
Data focus: 0800 GMT September monetary developments in euro area, 0900 GMT euro-zone October business & consumer surveys, 1200 GMT Germany October provisional CPI.
EUR/USD daily chart .....
EUR/USD Daily Asia Outlook 10/27 (full story)
Boston eFX 02:30 GMT October 27, 2011
Subject: GBP/USD Daily Asia Outlook 10/27
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(Dow Jones via eFXnews) GBP/USD - to consolidate. Supported by higher investor risk appetite. But GBP/USD gains tempered by loose BOE monetary policy.
Data focus: 1000 GMT UK October CBI monthly distributive trades survey.
Daily chart .....
GBP/USD Daily Asia Outlook 10/27 (full story)
Boston eFX 02:30 GMT October 27, 2011
Subject: USD/CAD Daily Asia Outlook 10/27
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(Dow Jones via eFXnews) USD/CAD - to consolidate. Undermined by stronger investor risk appetite; but downside limited by softer commodity & oil prices (Nymex crude settled down $2.97 yesterday at $90.20/bbl).
Data focus: 1230 GMT Canada August Payroll employment, earnings & hours.
USD/CAD daily chart....
USD/CAD Daily Asia Outlook 10/27 (full story)
Boston eFX 02:30 GMT October 27, 2011
Subject: USD/CHF Daily Asia Outlook 10/27
Reply
(Dow Jones via eFXnews) USD/CHF - to consolidate. Undermined by broadly weaker USD undertone as investor risk appetite increases. But USD/CHF downside limited by expectations of Swiss National Bank's CHF-selling intervention.
Daily chart....
USD/CHF Daily Asia Outlook 10/27 (full story)