Asian markets weaker as BOJ stays put (-0.1% interest rate) with stimulus package, raises inflation target to 1.1% & growth to 3.8%. USD firmer, Yields moved up again with US 2-yr over key 1.0%, Oil higher - Saudis retaliated, attacking Yemen, and Gold holds at $1815. USD (USDIndex 95.25) holds on to gains from Friday, pushing to 953.8 earlier. US Yields - 10-yr moved higher again and trades at 1.818%. Equities - US closed yesterday. Nikkei -0.27% - USA500 FUTS lower again at 4633. USOil – Spiked over $84.70 on tight supply, unrest in Yemen. Bitcoin another down day, tested to $41,600, back to 42,200 now. Overnight - UK Earnings in line at 4.2%, Unemployment (4.1%) & Claims better than expected. PBOC deputy governor keeps yuan exchange rate basically stable.
Today – German ZEW, Empire State Manu & Earnings from Goldman Sachs.
Biggest FX Mover @ (07:30 GMT) CADJPY (again) (+0.34% again) Rallied all day over 91.73 (Thursday’s high) and on to test 92.00. MAs aligned higher, MACD signal line & histogram higher.
