News

Reuters reporting:

• Trump, in discussions with Japan, brought up increasing its burden on military front, Kyodo reports citing govt source

Complicating the trade discussions a whole lot!

Ishiba & Trump at an earlier meeting

This article was written by Eamonn Sheridan at www.forexlive.com.

BoJ board member Nakagawa:

• U.S. tariff policy, overseas economic and market developments among risks to Japan’s economic outlook

• Uncertainty over U.S. tariffs could affect household, corporate sentiment, Japan’s economy and prices

• Excessive market volatility may put downward pressure on Japan’s economy

• Companies still in process of passing on raw material costs

• Considering current real interest rate levels, future monetary policy conduct will depend on developments in economic activity and prices as well as financial conditions

• There is risk wage pressure may strengthen further, translated into sales prices

• Worsening consumer sentiment could disrupt cycle of rising income and expenditure

• If outlook for economic activity and prices is realised, BOJ will continue to raise interest rate and adjust degree of monetary accommodation

Nothing of surprise here from board member Nakagawa.

This article was written by Eamonn Sheridan at www.forexlive.com.

China’s Foreign Ministry said in a statement on Thursday that if the United States (US) continues to play the tariff numbers game, China will pay no attention.

Australia’s Unemployment Rate rose to 4.1% in March from 4.0% in February (revised from 4.1%), according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came below the market consensus of 4.2%.

Australia Participation Rate below forecasts (67%) in March: Actual (66.8%)

Employment Change +32.2K

• expected +40K, prior -52.3K

Full-Time Employment +15K

• prior -35.7K

Part-Time Employment +17.2K

• prior -17K

Unemployment Rate 4.1%

• expected 4.2%, prior 4.1%

Participation Rate 66.8%

• expected 67.0%, prior 66.8%

***

An improved report from February, but the added jobs did not match what was expected by the market.

With the unemployment rate still just over 4% the jobs market remains on the tight side.

This article was written by Eamonn Sheridan at www.forexlive.com.

China foreign ministry, on U.S. tariffs:

• If the United States continues to play the tariff numbers game, China will pay no attention

This article was written by Eamonn Sheridan at www.forexlive.com.