- China intends to renew a ban on Japanese seafood imports
- AUD, kiwi, CAD all losing ground against the USD
- Tesla received a ride-hailing permit from Arizona, opening the door to begin robotaxi
- BOJ may delay rate hike until March as advisers urge caution on weak economy
- ICYMI: BoE sets out plans for regulated sterling stablecoins with temporary holding limits
- Army Secretary Driscoll and chief of staff Gen. George visit Ukraine – unannounced trip
- More on the BoJ Gov Ueda, fin min Katayama, eco min Kiuchi meeting soon
- Japan’s new economic stimulus package to exceed 20 tln yen – Kyodo reporting
- Bessent says Trump’s $2000 checks to Americans won’t be inflationary … don’t spend it
- Bank of Japan Governor Ueda, fin min Katayama, eco min Kiuchi to meet today
- Yen divides outlook: BoA survey sees 2026 rebound, MUFG warns of deeper near-term weakness
- Axios says the U.S. is secretly drafting new plan to end Ukraine war
- PBOC sets USD/ CNY central rate at 7.0872 (vs. estimate at 7.1121)
- Goldman Sachs sees oil sliding through 2026 on supply glut before recovering in 2027
- AUD is barely moved after the in line wages data from Australia
- Australia data – Wage Price Index for Q3 2025: 0.8% q/q (expected 0.8%)
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- Coming up: Nvidia faces high-stakes Q3 earnings. Wall Street demands strong beat-and-raise
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- Australian data: Westpac Leading Index for October 2025 +0.11% m/m (prior –0.03%)
- Japan: September Core machinery orders +4.2% m/m (expected +2.5%) & +11.6^% y/y (v. +5.4%)
- Trump signalled he has already decided who next Fed Chair will be, but doesn’t drop a name
- Deutsche Bank says central-bank demand keeps gold on bullish path into next year
- Foreign demand for Treasuries slips in September, Japan boosts buying
- White House announces weapons sales to Saudi Arabia, also an AI MOU
- Investors expect steady euro through 2026, BoA survey finds
- Trump pumps AI investment, making US economy hottest in world. Regulation tho, hot or not?
- investingLive Americas FX news wrap 18 Nov: USD is mixed. Nvidia earnings tomorrow
- New Zealand Q3 PPI: Outputs +0.6% (+0.7% expected) Inputs +0.2% (expected +0.9%)
- Oil – private survey of inventory shows a headline crude oil build greater than expected
- US stocks close lower. Midday rally runs out of steam
- UK media reports that Reeves will consider ‘shielding’ small businesses from tax rises
Danger urge for food light as forex stress, Japan’s stimulus plans and Ukraine peace manoeuvring formed the session.
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Antipodean knowledge provided a combined image. New Zealand’s PPI undershot expectations, whereas Australia’s wage figures for the September quarter got here in precisely in step with each market and RBA forecasts. Headline wages rose 0.8% q/q and three.4% y/y, however the element leaned gentle: private-sector wage development slowed to three.2% y/y and common pay rises have been smaller than a yr in the past (3.6% vs 3.9%). Public-sector wages, nevertheless, remained elevated at 3.8% y/y.
Throughout FX, Asian currencies traded combined in a risk-off setting as traders continued to query stretched U.S. fairness valuations. The AUD and NZD underperformed via the session.
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In Japan, Kyodo studies that Prime Minister Sanae Takaichi’s stimulus package deal will exceed ¥20 trillion, backed by a ¥17 trillion supplementary finances. The size of the package deal seems to be driving urgency in Tokyo:
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BOJ Governor Ueda meets Finance Minister Katayama and Financial Revitalisation Minister Kiuchi on Wednesday, with Katayama set to transient media afterwards.
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The assembly follows Ueda’s formal talks with PM Takaichi on Tuesday, protecting financial circumstances, coverage outlook, and the yen’s fast slide.
Advisers proceed to push a cautious method to tightening. Goushi Kataoka, a member of Takaichi’s financial panel and former BOJ board member, instructed Bloomberg he doesn’t count on a charge hike earlier than March, arguing that policymakers should first verify the affect of fiscal stimulus.
Japanese Authorities Bond yields ticked greater, whereas the yen briefly firmed, with USD/JPY slipping towards 155.30 earlier than bouncing after studies that China plans to reinstate a ban on Japanese seafood imports, including recent pressure to the bilateral relationship.
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On the geopolitical entrance, Axios studies the U.S. is secretly drafting a brand new plan—developed in session with Russia—to finish the conflict in Ukraine. Senior U.S. navy officers additionally made an unannounced go to to Kyiv this week, underscoring the fluidity of the diplomatic and navy image.
Asia-Pac
shares:
- Japan
(Nikkei 225) -0.12% - Hong
Kong (Hold Seng) -0.45% - Shanghai
Composite -0.04% - Australia
(S&P/ASX 200) %-0.12
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Forward, after the US money shut on Wednesday, are Nvidia earnings. There’s a preview within the factors above, highlighted!. Markets as soon as once more look to the agency to save lots of us!
