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Updated: 41 min 10 sec ago
Monday September 25 ... mark it in your diary
- Japanese PM Abe will hold a news conference that afternoon (Japan time)
So says Wataru Takeshita, chairman of the ruling Liberal Democratic Party's general council (speaking with reporters today)
Appearing on Bloomberg TV
Says USD/JPY may break under 110, on its way to 105
- In the next 6 to 7 months
- Cites US economy peaking, concerns over Trump administration
Says North Korea is not much of a problem for Japan's economy at the moment
I posted this earlier:
South Korean media warn of North Korea H-bomb test in Pacific
This now from Yonhap, a little more detail:
North Korea may conduct the most powerful test of a hydrogen bomb in the Pacific Ocean in its possible "highest-level" actions against the United States, the North's top diplomat said Thursday
China government whining about the ratings cut (to be fair, all governments do when it happens to them)
The cut was yesterday:
Aso not quite so unequivocal as Motegi earlier:
Japan economy minister Motegi says maintains primary budget surplus target
Aso has been around a looooong time, right? (i.e go with what Aso says)
Standard and Poors rating downgrade for Hong Kong
- from AAA
Outlook is now 'stable'
- from Negative
SnP cite spillover risks from China, the strong links between the two (institutional/political)
Says to reassess the target in next year's mid-term review
Motegi's comments in response to reports earlier this week that
Japanese Prime Minister Shinzo Abe is set to delay the timing for balancing a primary budget from the current fiscal 2020 to later in the decade
All the North Korea tension has done enough to the yen to see USD/JPY and yen crosses hit lower
111.80 the next stop?
more to come
Yonhap headline via ZH:
USD/JPY a little lower again
More detail, this via Reuters now:
- North Korea's Ri Yong
Ho believes North Korea may consider nuclear test on the Pacific ocean of
an unprecedented scale - Yonhap
UBS' preview of the German election gives Angela Merkel a 90% probability of retaining the chancellery
The main points from the bank (the full preview runs to 16 pages! - kudos to UBS):
The Joint Monitoring Committee of OPEC members Algeria, Kuwait and
Venezuela, & non-OPEC Russia and Oman meet today in Vienna.
I posted a (a brief one, for much more check out
The Joint Monitoring Committee (OPEC members Algeria, Kuwait and Venezuela, & non-OPEC Russia and Oman) meet Friday 22 September 2017
- While its a monitoring (of compliance with agreed to cuts) committee, discussion will not skirt possible extension &/or deepening of production cuts. Extension discussions will likely dominate.
For a (much) more detailed preview check this out at
U.S. chief negotiator John Melle remarks crossing (via Reuters):
I'm gonna have to put my hand up as having thought of a washing machie when I initially (mis)read Melle's name
I posted the, ummm, 'highlights' here:
North Korea's leader comments on Trump's UN address ('insanity and inhumanity')
Full text now
Its in pic format ...
im Jong-un has said US President Trump's United Nations address demonstrated 'insanity and inhumanity
The official news agency of North Korea (KCNA) reporting dear leaders remarks (these headlines via Reuters)
Forex news for NY trading on September 21, 2017.
In other markets today, the near end of day snapshot shows:
- Spot gold down -$9.75 to $1291.45. The 50 day MA stalled the fall today around $1288.30 ().
US Secretary of State Tillerson says continued threats by North Korea will not enhance the security of its regime
- Tillerson urges Russia to examine how it can better support global non-proliferation efforts
Mr. T speaking at the United Nations, Reuters with the headlines
A reminder again, it's a Japanese holiday today ($1 Slurpee Day or something ... 112.51 yen Slurpee Day for the pedants)
Any charts, technical analysis, trade ideas, thoughts, views, you'd like to share & discuss:
And it's a holiday today in Japan (long weekend!)
The only item I see on the calendar is the flow os securities data from Japan 9despite the holiday).
S&P down -0.30%. Nasdaq down -0.52%
No record closes for the major indices today and the Dows nine day winning streak was broken as well.
All good things come to an end. The string of higher highs (and record closes) have a blip on the radar today. I think the Dow has had 41 records and