investingLive Asia-pacific FX news wrap 16 Sep: Cook & Miran set to attend the FOMC meetng

• China says it’ll introduce another new policy to boost consumption
• Japan’s Hayashi said Tokyo pleased with implementation of tariff agreement with the US
• Swatch is trolling Trump with a “WTF Tariffs” watch design
• Citi’s bull case for Ether (ETH) is to as high as US$6300 by 2025 end
• PBOC sets USD/ CNY central rate at 7.1027 (vs. estimate at 7.1159)
• ICYMI:US won’t impose China oil tariffs unless Europe acts, urges tougher Russian measures
• Trump’s Fed Board pick Miran has enough Senate votes to win
• Lisa Cook WILL attend the September 16-17 Federal Open Market Committee (FOMC) meeting
• RBA’s Hunter says close to getting inflation to target
• BofA strategist: China stock rally may steady after 12% surge, options point to grind
• TD Cowen: SEC may shift to semi-annual earnings reports, sees 60% chance of change
• RBC sees S&P 500 at 7,100 in 2026, raises 2025 target but warns of volatility
• New Zealand data: August Food Price Index +0.3% m/m (prior +0.7%)
• Trump is on board with the call to ditch quarterly reporting for US listed companies
• FOMC preview: Dollar may briefly rise after Fed cut, but jobs weakness keeps downside risk
• FOMC preview: Powell to push back on market rate-cut hopes, disappointment for doves
• Deutsche Bank says ECB at terminal rate, expects next move to be hike in late 2026
• BoE seen holding rates in September, economists split on timing of next interest rate cuts
• Bullard open to Fed chair if independence, dollar stability, low inflation safeguarded
• investingLive Americas FX news wrap: The melt up continues
• NASDAQ in S&P index closed at record levels. NASDAQ leads the way with a gain of 0.93%

It
was a quiet session for financial markets here with traders and
investors now eyeing the Federal Open Market Committee (FOMC) meeting
decision and Federal Reserve Chair Powell’s press conference to
come on Wednesday, US time. It looks like it’ll be a long wait for
us!

Speaking
of the Federal Open Market Committee (FOMC) a US court rejected
Trump’s case against Federal Reserve Governor Cook, which will see
her attend the FOMC meeting. One
caveat, Trump may well appeal to the Supreme Court to get his way.
We’ll see how that goes.

Trump’s
pick as a new Fed Governor, Stephen Miran, was confirmed by the US
Senate, so Miran will be at the meeting.

Otherwise
news and data flow was light.

While
most major FX traded in limited ranges JPY was a bit more of a
gainer. USD/JPY has dropped around 30 or so points from its early
highs above 147.50. Japan’s Chief Cabinet Secretary Yoshimasa
Hayashi said Tokyo is pleased with the consistent implementation of
its tariff agreement with the United States. His comment seemed
innocuous enough but it coincided with the yen moving a little
stronger.

Asia-Pac
stocks:

• Japan
  (Nikkei 225) +0.3%
• Hong
  Kong (Hang Seng) flat%
• Shanghai
  Composite -0.2%
• Australia
  (S&P/ASX 200) +0.24%

This article was written by Eamonn Sheridan at investinglive.com.