Halister News

(Bloomberg) -- USD/JPY rises above 103.00 as investors wait for details of PM Abe’s stimulus package; Nikkei index advances more than 6% in two days.

• Fed’s Mester says timing of Fed move depends on how economy evolves; need to consider Brexit in medium-term outlook
• BBDXY down 0.14% to 1,190.25
• USD/JPY up 0.2% to 103.04 vs 102.45-103.29 range
  • Rose early on leveraged buying, with some pull back after Economy Minister Ishihara told reporters PM Abe hasn’t yet requested the compilation of an economic package
  • FM Aso will mull fiscal stimulus as soon as Abe orders
  • Reports that BOJ Kuroda met with former Fed Chairman Bernanke are spurring speculation that Japan will get “helicopter money,” says NAB
  • BOJ will need to slow bond purchases, ex-director says
• AUD/USD up 0.6% to 0.7578 vs 0.7531-0.7593 range
  • AUD/JPY buying by global macro funds helping to lift Aussie, says trader
  • Australia June business confidence rises to 6 from 3 pts
• GBP/USD up 0.4% to 1.3055 vs 1.2973-1.3092 range
  • Rises partly on GBP/JPY short covering, says trader
  • Options expiring on July 15 include strikes 1.2950 for $564m and 1.3000 for GBP818m
  • Theresa May starts work to prepare U.K. for Brexit
  • U.K. LFL June retail sales fall 0.5% y/y vs +0.2% in May
• EUR/USD up 0.2% to 1.1077 vs 1.1052-1.1091 range
  • IMF urges action on Italy’s bank bail-in
  • Bundesbank’s Dombret: no policy response needed to Brexit
  • Options expiring today include 1.1050 strikes for EUR1,21b
• NZD/USD up 0.6% to 0.7260 vs 0.7213-0.7270 range
• WTI, Brent crude and copper futures rise; gold steady