NZ bulidng permits data dipped a little on the month. Its a choppy data series but the yearly performance is not encouraging. S
Says Stas NZ:
- “The annual number of new homes consented has continued to decrease from its peak of 51,015 in the year ended May 2022”
***
I’m a bit slow to this data, apologies if you were awaiting it.
I’ve been busy on the yen. And, to be honest, pissing off quite a few people! Check the comments to the posts.
I think this one wins the ‘triggered’ award:
- Japan’s Ministry of Finance have revealed their very weak hand propping up the yen
It looks like I’m gonna have to spend the day ion the naughty corner 😉
Earlier:
- USD/JPY slammed lower
- USDJPY falls below 100 hour MA and runs lower.
- USD/JPY is cratering, drops under 155.00 in super-thin intervention trade
- Those wide spreads you are seeing in yen crosses are a feature, not a bug
- Japan’s Kanda says he has nothing to say about whether Japan intervened in the yen
USD/JPY update … up 250 points from the lows now (yeah, down 200 from where we started too …. life’s all about balance!)
This article was written by Eamonn Sheridan at www.forexlive.com.
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