Forex News USD/JPY slips on Japanese exporter sales but in tight band ahead of U.S. earnings reports, particularly Wachovia and Washington Mutual, later; pair last 106.48 vs 106.72 late NY. EUR/JPY slips to 169.57 vs 169.67 late NY, with players reluctant to test 170.00. EUR/USD tad up at 1.5922 vs 1.5898. Mixed day for stock markets; Nikkei +3.0%, catching up with region's gains yesterday, when Tokyo closed, also on short covering in Nikkei futures once trade resumed after futures, derivatives markets temporarily suspended on technical glitch; JGB futures also not traded for most of day due to suspension.
Sensex +2.2% led by banks, ahead of confidence vote in parliament today to decide fate of coalition government, controversial nuclear energy deal. STI down 0.4%, Taipei down 0.3%, Shanghai down 0.6%. Not much on data front: Japan May all industry activity index +0.4% M/M. Taiwan jobless rate due 0800 GMT. Later in UK, Treasury Committee MPs question BoE's King on banking reform; in U.S., ICSC chain store sales are due, Redbook retail sales, Richmond Fed manufacturing index, ABC/Washington Post consumer confidence index, Treasury Secretary Paulson speaks in NY; Philadelphia Fed's Plosser speaks.
Sensex +2.2% led by banks, ahead of confidence vote in parliament today to decide fate of coalition government, controversial nuclear energy deal. STI down 0.4%, Taipei down 0.3%, Shanghai down 0.6%. Not much on data front: Japan May all industry activity index +0.4% M/M. Taiwan jobless rate due 0800 GMT. Later in UK, Treasury Committee MPs question BoE's King on banking reform; in U.S., ICSC chain store sales are due, Redbook retail sales, Richmond Fed manufacturing index, ABC/Washington Post consumer confidence index, Treasury Secretary Paulson speaks in NY; Philadelphia Fed's Plosser speaks.
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