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Japan Starts Release of Oil from Reserves as War Snarls Flows – Bloomberg

Amidst the closure of the Strait of Hormuz due to the ongoing war in the Middle East involving the United States (US), Israel, and Iran, Japan has started releasing oil from its energy reserves.

Fxstreet

Mon, Mar 16

US moves troops trom Japan to the Middle East

The United States (US) has started moving more than 2,000 marines from the Japanese island of Okinawa to the Middle East, soon after Washington began the redeployment of a missile defence system based in South Korea, the Guardian reported on Monday.

Fxstreet

Mon, Mar 16

US President Donald Trump increases pressure on allies over strait of Hormuz—FT

US President Donald Trump warned that the North Atlantic Treaty Organization (NATO) faces a “very bad” future if US allies fail to assist in opening up the strait of Hormuz, the Financial Times reported on Monday.

Fxstreet

Mon, Mar 16

China's NBS: Implements plans to boost incomes and support consumption

A spokesperson from China’s National Bureau of Statistics (NBS) outlines various measures during the Asian trading session on Monday, which the government intends to adopt this year to support consumer demand and the economy.

Fxstreet

Mon, Mar 16

South Korea Money Supply Growth down to 7.1% in January from previous 7.3%

South Korea Money Supply Growth down to 7.1% in January from previous 7.3%

Fxstreet

Mon, Mar 16

China Fixed Asset Investment (YTD) (YoY) came in at 1.8%, above forecasts (-0.4%) in February

China Fixed Asset Investment (YTD) (YoY) came in at 1.8%, above forecasts (-0.4%) in February

Fxstreet

Mon, Mar 16

China Retail Sales (YoY) came in at 2.8%, above forecasts (2.5%) in February

China Retail Sales (YoY) came in at 2.8%, above forecasts (2.5%) in February

Fxstreet

Mon, Mar 16

China Industrial Production (YoY) came in at 6.3%, above expectations (5.1%) in February

China Industrial Production (YoY) came in at 6.3%, above expectations (5.1%) in February

Fxstreet

Mon, Mar 16

Japan PM Takaichi: No plan currently to dispatch its navy to Middle East to escort vessels

Japanese Prime Minister (PM) Sanae Takaichi said on Monday that “Japan has no plan currently to dispatch its navy to the Middle East to escort vessels.”

Fxstreet

Mon, Mar 16

China House Price Index down to -3.2% in February from previous -3.1%

China House Price Index down to -3.2% in February from previous -3.1%

Fxstreet

Mon, Mar 16

UK considers dispatching minesweeping drones to help reopen Strait of Hormuz

The United Kingdom (UK) plans to send minesweeping drones to the Strait of Hormuz in an attempt to allow the flow of oil exports to resume, the Guardian reported on Sunday.

Fxstreet

Mon, Mar 16

Japan’s Katayama says to prepare to take decisive steps on FX

Japan’s Finance Minister Satsuki Katayama said on Monday that officials were prepared to take decisive steps on foreign exchange. Policymakers declined to comment on specific currency levels.

Fxstreet

Mon, Mar 16

US President Donald Trump: Talking to 7 countries regarding Strait of Hormuz

US President Donald Trump said on Monday that he is discussing with other countries about policing the Strait of Hormuz, adding that Israel is collaborating with the US on securing the vital shipping route.

Fxstreet

Mon, Mar 16

United Kingdom Rightmove House Price Index (YoY) fell from previous 0% to -0.2% in March

United Kingdom Rightmove House Price Index (YoY) fell from previous 0% to -0.2% in March

Fxstreet

Mon, Mar 16

United Kingdom Rightmove House Price Index (MoM) climbed from previous 0% to 0.8% in March

United Kingdom Rightmove House Price Index (MoM) climbed from previous 0% to 0.8% in March

Fxstreet

Mon, Mar 16

France’s Macron: Freedom of navigation through the Strait of Hormuz must be restored

France’s President Emmanuel Macron said on Sunday that freedom of navigation through the Strait of Hormuz must be restored as soon as possible. Macron called on Iran president to put an immediate end to unacceptable attacks against countries in the region including Lebanon and Iraq.

Fxstreet

Sun, Mar 15

Australian Dollar holds ground near 0.7000 as Middle East tensions escalate

The AUD/USD pair holds positive ground near 0.6990 during the early Asian session on Monday. Traders will closely monitor the developments surrounding the United States (US)-Israel war with Iran.

Fxstreet

Sun, Mar 15

New Zealand Electronic Card Retail Sales (YoY) rose from previous 0.4% to 1.5% in February

New Zealand Electronic Card Retail Sales (YoY) rose from previous 0.4% to 1.5% in February

Fxstreet

Sun, Mar 15

New Zealand Electronic Card Retail Sales (MoM) rose from previous -1.1% to 1.4% in February

New Zealand Electronic Card Retail Sales (MoM) rose from previous -1.1% to 1.4% in February

Fxstreet

Sun, Mar 15

New Zealand Business NZ PSI declined to 48 in February from previous 50.9

New Zealand Business NZ PSI declined to 48 in February from previous 50.9

Fxstreet

Sun, Mar 15

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