New Zealand building permit data fell slightly during the month. This is a volatile data series, but the annual performance is not encouraging. S
Stas NZ says:
- “The annual number of new housing units authorized continued to decline from its peak of 51,015 for the year ended May 2022”
***
I’m a little slow with this data, sorry if you were expecting it.
I’ve been busy on the yen. And, to be honest, it pissed off a lot of people! Check comments on posts.
I think this one wins the “triggered” award:
- Japan’s Finance Ministry revealed its very weak hand in supporting the yen
Looks like I’m going to have to spend the day in the naughty corner 😉
Earlier:
- USD/JPY falls sharply
- USDJPY falls below the 100 hourly MA and continues to decline.
- USD/JPY Crashes Below 155.00 in Ultra-Thin Intervention Trade
- The wide spreads you see on yen crosses are a feature, not a bug.
- Japan’s Kanda says he has nothing to say on Japan’s intervention on the yen
USD/JPY update…up 250 points from current lows (yes, down 200 from where we started too…life is about balance!)
This article was written by Eamonn Sheridan at www.forexlive.com.
cnbctv18-forexlive
