Asian stock markets: Nikkei up 0.55 %, Shanghai Composite gained 1.50 %, Hang Seng rose 0.45 %, ASX 200 declined 0.30 %
Commodities: Gold at $1287 (-0.10 %), Silver at $17.41 (-0.10 %), WTI Oil at $47.80 (-1.40 %), Brent Oil at $49.15 (-1.40 %)
Rates: US 10 year yield at 1.62, UK 10 year yield at 1.15, German 10 year yield at 0.00
News & Data:
Australia ANZ Roy Morgan Weekly Consumer Confidence Index 12-Jun: 116.4 (prev. 116.8)
New Zealand Current Account Q1: 1.306B (est. 0.960B, prev. -2.614B)
NZ REINZ House Sales (YoY) May: 13.6% (prev. 18.4%)
South Korea Export Price Index (MoM) May: 2.4% (rev prev. -2.9%), (YoY) May: -4.0% (rev prev. -5.2%)
South Korea Import Price Index (MoM) May: 3.5% (rev prev. -1.8%), (YoY) May: -5.1% (rev prev. -7.1%)
South Korea Unemployment Rate SA May: 3.7% (est. 3.80%, prev. 3.70%)
Comres/Sun Brexit Poll: 46% Remain, 45% Leave
BMG poll on Brexit shows 41% Remain, 45% Leave
PBOC sets USD/CNY fix at 6.6001 (prev. close 6.5966, prev. fix 6.5791)
First time USD/CNY fix has been above 6.6 since 2011
Risk appetite improved and most of the major Asian stock indices are up on the day, which helped USD/JPY recover slightly, after trading as low as 105.60 yesterday. The pair is currently consolidating around 106.20 and resistance is next seen at 106.60 and 107.20. GBP/JPY has seen some large moves in the past few trading days and overnight, it was able to bounce again ahead of the 149 support level. It rose back above 150 and extended gains to 150.30 so far.
Two new Brexit polls were released yesterday and they were mixed. The BMG poll showed that more people would vote for a Brexit than for the UK to remain part of the EU, while Comres/Sun poll showed the opposite. There was not too much of a reaction in GBP/USD. After declining to 1.4090 in the early session, it bounced from there and rose back to 1.4140.
Expect plenty of volatility today, with the Fed rate announcement scheduled for 19:00 London time. Fed Chair Yellen will hold a press conference half an hour later.