Yen Terbebani Rebound Saham Terhadap Aussie Jelang Keputusan RBA Rate

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Yen tetap lebih rendah terhadap mata uang utama akibat rebound saham dan komoditas meredam permintaan aset safe haven yang memicu reli kuartalan terbesar terhadap dolar AS dalam tiga tahun terakhir.

Mata uang Jepang melemah untuk hari empat hari terhadap dolar Australia pasca indeks Komoditi Bloomberg menguat tajam dalam sebulan terakhir pada hari Senin dan indeks saham MSCI World naik. Aussie terus menguat terhadap greenback sebelum Reserve Bank of Australia menetapkan kebijakan moneternya pada hari ini, pasca mengecewakan data pekerjaan AS pekan lalu meredupkan spekulasi Federal Reserve akan menaikkan suku bunga pada bulan Desember. Bank of Japan akan memulai pertemuan kebijakannya selama dua hari pada hari ini.

Yen stagnan pada level 120,48 yen per dolar AS pukul 8:55 pagi di Tokyo. Yen berada pada level AUD$85.36 dari AUD$85,32.

Yen adalah pemain terburuk di antara 10 mata uang negara berkembang selama sepekan terakhir dan bulanan, menurut Bloomberg Correlation-Weighted Currency Indexes, akibat rebound ekuitas global dari penurunan beruntun yang dimulai pada bulan Agustus lalu. Indeks MSCI saham global naik sebesar 1,9 persen pada hari Senin, menutup penguatan hari keempat, sementara indeks Bloomberg untuk komoditas naik sebesar 1 persen.

Dolar Australia bergerak mendatar pada level 70,85 sen AS dari Senin, ketika menguat sebesar 0,5 persen, kenaikan terbesar sejak 16 September lalu. RBA diperkirakan akan meninggalkan suku bunga stabil pada rekor terendah 2 persen pada Selasa, menurut survei Bloomberg terhadap para ekonom. (izr)

Sumber: Bloomberg

Aust Dollar Climbs Toward US71c

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The Australian dollar is higher as global risk appetite firmed overnight after fears of a US interest rate rise eased.

At 7am (AEDT), the currency was trading at US70.84c, up from US70.68c on Monday.

ANZ senior FX manager Sam Tuck said it was a perky night for risk with global equity and commodity markets up, which boosted risk-related currencies like Australia, Canada and New zealand.

Mr Tuck said US and UK service sector data - two of the leading lights in the tightening theme - both underperformed expectations, which may delay the onset of respective rate hikes.

Meanwhile, investors are looking forward to the Reserve Bank of Australia's cash rate decision on Tuesday, with the central bank expected to keep it on hold at two per cent.

Westpac strategist Imre Speizer tipped the Aussie to break higher on Tuesday, thanks to expectations the Fed may delay rate hikes.

Source : Businessspectator

Asia Stocks Rise Fifth Day, Following Longest U.S. Rally in 2015

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Asian stocks rose for a fifth day, following gains in U.S. equities, amid speculation that global central bank policy will remain accommodative to counteract weak economic growth.

The MSCI Asia Pacific Index climbed 0.8 percent to 128.88 as of 9 a.m. in Tokyo, extending its five-day gain to 6.4 percent. Futures traders see only a 10 percent chance the Federal Reserve will raise interest rates at its Oct. 27-28 meeting following weaker-than-expected employment growth, while 17 of 36 economists surveyed by Bloomberg expect additional easing from the Bank of Japan by the end of the month.

Japan’s Topix index rose 1.4 percent after the yen weakened 0.5 percent on Monday. Prime Minister Shinzo Abe’s efforts to push through structural changes to recharge Japan’s economy got a boost as negotiators reached a deal on a Pacific trade pact that would create the world’s biggest regional trade zone. The Trans-Pacific Partnership still needs to be ratified by lawmakers in the 12 member nations.

Australia’s S&P/ASX 200 Index gained 1.2 percent and New Zealand’s NZX 50 Index climbed 0.8 percent. South Korea’s Kospi index rose 1 percent. Mainland Chinese markets remain closed for a holiday, while Hong Kong is yet to open. Futures on the Hang Seng Index gained 1.2 percent.

Source : Bloomberg

Japanese Stocks Rise After Global Rally as Central Bank Meets

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Japanese stocks rose following a global rally as the central bank began a two-day meeting and investors assessed the impact of an historic accord to ease trade in goods and services among a dozen Pacific-rim nations.

The Topix index added 1.4 percent to 1,484.59 as of 9:01 a.m. in Tokyo, rising for a fifth day. The Nikkei 225 Stock Average climbed 1.5 percent to 18,726.19. U.S. stocks staged the longest rally of the year, while a benchmark gauge of equities in Europe jumped to the most since August. The yen traded at 120.47 per dollar as central bank policy officials began deliberations on monetary policy, with an announcement due tomorrow.

Only two of 36 economists forecast the Bank of Japan will expand monetary stimulus Wednesday, according to a Bloomberg News survey conducted last week. Fifteen expected easing at the following meeting on Oct. 30.

Source : Bloomberg

Asian Futures Tip More Stock Gains as Rate Outlook Fuels Rebound

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The global stock rally that saw U.S. equities cap their longest advance this year looked set to continue in Asia, with index futures from Japan to Hong Kong signaling further gains. The dollar and the yen maintained losses.

Futures on stock gauges in Tokyo and Seoul climbed more than 1 percent in recent trade, with speculation the Federal Reserve will hold off raising interest rates until 2016 boosting riskier assets, and helping the Standard & Poor’s 500 Index to its fifth day of gains. Australia’s dollar hovered near a two-week high before the central bank there reviews already record-low borrowing costs, while U.S. oil held above $46 a barrel.

Stocks have been rallying since capping their worst quarter in four years, as unexpected weakness in the U.S. labor market pushes out the probable timeline for rate increases. Odds the Federal Reserve will pull the trigger on tightening this month have fallen to 10 percent, suppressing the dollar while bolstering assets in emerging and riskier markets that have benefited from the era of cheaper money. Global equity values have climbed back above $60 trillion this month after almost $10 trillion was erased last quarter.

Futures on Japanese indexes foreshadowed similar gains for stocks there, with contracts on the Nikkei 225 Stock Average bid up 1.4 percent in the Osaka pre-market, to 18,320. Yen-denominated futures on the index traded in Chicago dropped 0.2 percent to 18,330 after jumping 2.7 percent in the previous session.

In Australia, where markets didn’t settle Monday, the S&P/ASX 200 Index surged of 1.2 percent Tuesday, while futures on South Korea’s Kospi index added 1.1 percent. New Zealand’s S&P/NZX 50 Index, the first major stock gauge to start trading each day in the Asia-Pacific region, climbed 0.7 percent in a third day of gains.

Futures on Hong Kong’s Hang Seng Index increased 1.2 percent in recent trading, rising with contracts on the Hang Seng China Enterprises Index, a gauge of mainland equities listed in the city. Mainland Chinese markets remain closed through Wednesday for the week-long National Day holidays.

Source : Bloomberg