BOJ's Kuroda: Negative rate not targeting stocks, FX

Bank of Japan Governor Kuroda says negative rate are not targeting the stock market nor FX but to support QQE.

Headlines

Desirable for forex to move in stable manner reflecting economic fundamentals

If all conditions equal, a policy such as negative interest rate works to weaken the country's currency

FX moves are affected by various factors, not just

China A50 futures flat ahead of Shanghai open

China futures (A50 FTSE - benchmark for investors to access the China domestic market through A Shares – ) is trading flat ahead of the Shanghai Composite index open.
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AUD/USD: pressured on weaker Yuan, again....

AUD/USD has been pressured to the downside with a second day of a weaker yuan fix by the PBoC. The price has been in steady decline since failing at the 0.76 handle as commodity markets and related currencies all took a turn for the worst, and the currencies remained low, despite a correction in some of the commodity sector, such as oil on the API inventories.
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