Hindi nagbibigay ng serbisyo ang XM sa mga residente ng Estados Unidos.

Yen traders eye BOJ minutes, China eyes rebound

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>MORNING BID ASIA-Yen traders eye BOJ minutes, China eyes rebound</title></head><body>

By Jamie McGeever

June 24 (Reuters) -A look at the day ahead in Asian markets.

The final trading week of the first half of the year gets underway on Monday, with Asia's scorecard looking reasonably positive from an equity perspective, mixed through a currency and bond lens, and more bleak from a Chinese market angle.

Chinese stocks will be looking to stop the rot and halt the recent decline that has extended their underperformance against regional and global peers this year.

Investors in Japanese assets, meanwhile, are on high FX intervention alert after the yen fell on Friday for a seventh straight day towards 160.00 per dollar, the level that triggered the first of Tokyo's yen-buying forays into the market nearly two months ago.

With the Bank of Japan's next policy meeting not until July 30-31, it may require verbal or direct intervention again to halt the yen's slide. The BOJ's summary of opinions from its June 13-14 policy meeting, to be released on Monday, will be closely watched.

The regional calendar on Monday also includes the latest trade figures from New Zealand, inflation from Singapore, and unemployment and industrial production from Taiwan.

Asian stocks go into the last week of June in decent shape, supported by subdued volatility and falling inflation globally, lower U.S. bond yields, and buoyant equities worldwide.

With the end of the first half in sight, however, some investors will want to lock in profits and square positions. The slide in Nvidia shares last week - their first weekly decline in nine - could be a sign of how this week will play out.

Japanese stocks are up around 15% year to date, and the MSCI Asia ex-Japan, India's Sensex and South Korea's Kospi are all up around 7%.

The outlier is China.

The Shanghai Composite is barely in positive territory for the year, has lost 5% in the last month, and is on its worst weekly losing streak in six years.

The news flow isn't particularly encouraging - trade tensions between China and the West are increasing by the day it seems, and on Friday, Washington issued draft rules for banning or requiring notification of certain investments in artificial intelligence and other technology sectors in China.

Capital flows aren't particularly supportive either. Foreign direct investment into China in the January-May period fell 28% to $49.7 billion from the same period last year, and some $4.5 billion has left the mainland this month via the Northbound leg of the Stock Connect Scheme, snapping four months of net inflows.

But Barclays analysts say the selloff is overdone, and the bar is low for market-friendly positive surprises from next month's 'plenum' - a key meeting of the Communist Party's central committee. They recommend positioning for a rebound.

Here are key developments that could provide more direction to markets on Monday:

- BOJ summary of opinions from June meeting

- Singapore inflation (May)

- Taiwan industrial production (May)

Measuring Chinese stocks' underperformance https://tmsnrt.rs/4bg1GNp

Dollar/yen deep in 'intervention territory', eyes 160.00 https://tmsnrt.rs/4caVPu1

Reporting by Jamie McGeever


Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.

Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.

Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.

Babala sa Risk: Maaaring malugi ang iyong kapital. Maaaring hindi nababagay sa lahat ang mga produktong naka-leverage. Mangyaring isaalang-alang ang aming Pahayag sa Risk.