Halister News

(Bloomberg) -- USD/JPY fell briefly to session low after a magnitude 7.4 earthquake struck Japan off the coast of Fukushima, before quickly reversing decline to stay below 111. WTI crude futures advance to a four-week high on optimism an OPEC deal is coming.

• WTI up 2.6% to $48.73/bbl; Treasury 10-year yield steady at 2.31%
• USD/JPY -0.11% to 110.70 vs 110.27-110.90 range; Nikkei 225 gains 0.2%
  • Leveraged selling immediately after earthquake was absorbed by real money funds and Tokyo corporates, say traders
  • USD/JPY trims drop as impact from quake was limited and buy-on-dip interest may emerge around 110.00, says BTMU
  • Japan lifts all tsunami alerts from quake at 12:50pm JST: JMA
  • Kuroda says BOJ’s new policy can control long-term interest rates, although not as well as it can control short-term rates; adds that it’s inappropriate to discuss exit strategy at the moment
• AUD/USD +0.37% to 0.7396 vs 0.7364-0.7400 range
  • AUD/NZD gains as macro funds-related selling of FX pair stalls on report of earthquake on New Zealand’s North Island, says trader
• NZD/USD +0.20% to 0.7080 vs 0.7063-0.7086 range
  • Westpac no longer expects RBNZ rate cuts in 2018, 2019
  • N.Z. net immigration rises to a record, 70,282 in year ended Oct. 31
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