ECB seen buying Italian bonds

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• ECB seen buying Italian bonds
• I’m losing the will to live……BOJ back on the bid
• ECB’s Weidmann: Future Shape Of Eurozone Remains Unclear
• China in buying EUR/USD
• 10 year Italian govt bond yields match highest since August at 6.1%
• ECB’s Paramo: ECB in principle is against unilateral intervention
• BOJ Gov Shirakawa: Yen rise has both merits and demerits for Japan economy
• FRANCE DATA: September PPI +0.2% m/m, +6.1% y/y -….
• Well they’re giving it a go; latest on BOJ
• French September producer prices +0.2% m/m
• Kuwait Central Bank head: Euro zone debt crisis still overshadowing economic recovery
• This will give you some idea of the amounts going through in USD/JPY
• BOJ’s Shirakawa: Strongly hope MOF intervention leads to stable fx
• Germany Retail Sales Recover Less Than Expected In September
• GERMANY DATA: September real sa retail sales +0.4%…
• German Sept retail sales +0.4% m/m, +0.3% y/y
• BOJ seen buying USD/JPY at 78.90
• Bank of Korea may have bought at least $300 mln to smooth won’s gains Monday – Traders
• Honda CFO: It would help if DLR/YEN stayed at 79 yen
• SNB says is reporting a consolidated profit of CHF 5.8 bln for the first three quarters of 2011

ECB seen buying Italian bonds Posted:

I’m losing the will to live……BOJ back on the bid Posted: Having pulled all their bids just after Shirakawa’s  ill-judged comments hit the wires, sources now reporting BOJ back on the bid at 78.00. We’re at 78.10 presently. Is it nearly home time?

ECB’s Weidmann: Future Shape Of Eurozone Remains Unclear Posted: BERLIN (MNI) – A lasting solution to the Eurozone’s debt crisis can be reached only through more budget consolidation and structural reforms, in the view of European Central Bank Governing Council member Jens Weidmann. While Eurozone leaders pledged at their latest summit to undertake such measures, “this must now be proven by actions,” the president [...]

China in buying EUR/USD Posted: In recent trade.  We’re back up at 1.4020 in horribly choppy trade.

10 year Italian govt bond yields match highest since August at 6.1% Posted: Up 8 bps on day – Reuters.

ECB’s Paramo: ECB in principle is against unilateral intervention Posted: Solo interventions not good for global stability Japan is free to intervene as it sees fit

BOJ Gov Shirakawa: Yen rise has both merits and demerits for Japan economy Posted: Why would you come out and say THAT!!!!!!!! IS HE NUTS!!! USD/JPY down at 78.75. On nominal basis, yen levels not necessarily strong (is this a bloody imposter, I cannot believe what I’m hearing) BOJ does not conduct policy based on daily fx moves Yen rises have big impact on exports, corporate revenues Focusing on [...]

FRANCE DATA: September PPI +0.2% m/m, +6.1% y/y -…. Posted: FRANCE DATA: September PPI +0.2% m/m, +6.1% y/y – INSEE – France Sep manufacturing PPI +0.2% m/m, +5.9% y/y – France Sep food and tobacco prices -0.2% m/m, +5.8% y/y – France Sep oil product prices +2.2% m/m, +28.7% y/y – France Sep ind import prices +0.8% m/m, +8.1% y/y – See MNI MainWire for [...]

Well they’re giving it a go; latest on BOJ Posted: On the bid at 78.90, good for $4 billion. Battle well and truly joined. UPDATE:   BOJ still on the bid.  Down at 78.80 for around another $4.o bln. Them against the world seemingly. UPDATE:  78.96 BID!!!!  Should they take their priofit now?  UPDATE:  79.05 BID!!!! Ahhhhhh, bless their little cotton socks….. Well they won that [...]

French September producer prices +0.2% m/m Posted: Pretty much in line with median forecast of +0.1% m/m.

Kuwait Central Bank head: Euro zone debt crisis still overshadowing economic recovery Posted: European deal on Greece only small relief Concerned over prolonged US recession As reported by Dow Jones.

This will give you some idea of the amounts going through in USD/JPY Posted: At writing, being told 1 billion dollars on the bid in USD/JPY at 78.89 on EBS.

BOJ’s Shirakawa: Strongly hope MOF intervention leads to stable fx Posted: Need to carefully watch global market moves Yen’s relative value at quite high level compared with prior to Lehman crisis Will not say there is nothing more monetary policy can do Need to do utmost to prevent euro debt woes from triggering global financial crisis BOJ always thinking what more it can do to achieve [...]

Germany Retail Sales Recover Less Than Expected In September Posted: Real, seasonally adjusted retail sales: September: +0.4% m/m, +0.3% y/y MNI survey median: +1.0% m/m, +1.0% y/y MNI survey range: +0.3% to +1.5% m/m August: -2.7% m/m, -0.8% y/y (revised from +2.5% y/y) – FRANKFURT (MNI) – German retail sales came in weaker than expected in September, lifting turnover only modestly on the quarter, the [...]

GERMANY DATA: September real sa retail sales +0.4%… Posted: GERMANY DATA: September real sa retail sales +0.4% m/m, nsa +0.3% y/y – Germany September m/m retail sls below MNI median fcst (+1.0%) – Germany August m/m retail sales revised up to -2.7% (-2.9%) – Germany 3q sa retail sales +0.5% q/q, 2q -0.4%, 1q +1.0%) – Germany September sales 3mma (July-September:June-August) -0.7%, August +0.4% [...]

German Sept retail sales +0.4% m/m, +0.3% y/y Posted: Weaker than Reuters’ median forecasts +1.0%, +0.9% respectively. Not bothering the single currency any, EUR/USD recovering to 1.4030 as European trading gets underway.

BOJ seen buying USD/JPY at 78.90 Posted: Still there then. We’re at 78.95 presently.

Bank of Korea may have bought at least $300 mln to smooth won’s gains Monday – Traders Posted: Some dollars there to be diversified into euros at some juncture.

Honda CFO: It would help if DLR/YEN stayed at 79 yen Posted: But not hopeful for lasting impact of solo intervention.  Party pooper USD/JPY has just dipped as comment hit wires, down at 78.90.

SNB says is reporting a consolidated profit of CHF 5.8 bln for the first three quarters of 2011 Posted: Net result from SNB foreign currency positions is around  CHF 0.3 bln for the first three quarters of 2011