Top FX Headlines: April 18th

[B]Japan[/B][B] February leading economic index[/B] advanced to 27.3 percent, in line with expectations. Coincident index moves higher than expected, adding 30% against consensus of 15%.

[B]New Zealand[/B] [B] first quarter consumer price index[/B] rose 0.5% on the quarterly basis and 2.5% higher on the year on year comparison. The figure was comparably softer than expected but supported a Kiwi move up to just shy of the 0.7500 figure.

[B]Kiwi [/B] currency hits 22 year peak on inflationary data as the sterling leaps to 26 year high.

[B]UK[/B][B] March jobless claims[/B] change declined by 9.2K, softer than expected and the lowest in more than a year. However, earnings growth accelerated to the fastest pace since 2004, boosting expectations of another MPC rate hike.

[B]Australia April Westpac consumer confidence[/B] declined by 0.2 % on the month over month.

[B]Pullbacks[/B] in both Australian and Kiwi dollars put pressure on carry trade candidates in the short term, leading to losses in notable Japanese yen based pairs.

[B]Luxembourg[/B][B]’s Prime Minister Jean Claude Juncker[/B] warns financial markets against excessive speculation in the FX markets. Notes that trades “should not embark on one way bets”.