ForexLive Asia-Pacific FX news wrap: Chinese stocks green, PBOC support fund announced

Japan government junior coalition partner says utility and fuel subsidies should continueUS CPI data due Thursday. Here are the ranges of estimates (& why they're crucial to know)Bank of Japan Deputy Governor Himino will be speaking soonMore on "China’s Central Bank Launches Swap Facility to Boost Stock Market"PBOC sets USD/ CNY reference rate for today at 7.0742 (vs. estimate at 7.0734)The build up to the next China 'stimulus' briefing is on - arriving on SaturdayPBOC to establish securities, funds to aid capital market stabilityAustralian data - October consumer inflation expectations 4.0% (prior 4.4%)Japan PPI (September) 0.0% m/m (expected -0.3%) and +2.8% y/y (expected +2.3%)JP Morgan raise the question of no cut at the Federal Reserve November 7 FOMC meetingRICS house price balance positive for the first time since October 2022Most Japanese firms see USD/JPY in 140-150 range through to March 2025More from Fed's Daly - not worried about reaccelerating inflation, more so on jobs marketFight Club - Fed officials were split at their meeting in September on 50 vs. 25Fed's Daly: One or two more Fed rate cuts likely this yearFed's Collins reiterates support for further Federal Reserve rate cutsTrump could create a 'Shadow' Fed Chair - undermine PowellForexlive Americas FX news wrap 9 Oct: Dollar, yields and stocks move higher ahead of CPIAUD note: Reserve Bank of Australia's Assistant Governor Economic Hunter speaks laterUK losing HNW individuals faster than any other country - worst in the worldRecord close on the S&P and the Dow.Trade ideas thread - Thursday, 10 October, insightful charts, technical analysis, ideasThePeople’s Bank of China announced today that it is to set up aSecurities, Funds and Insurance companies Swap Facility (SFISF),initially of 500 billion yuan. Its purpose is to build "healthyand stable development of the capital market." Those security,funds and insurance companies eligible can pledge assets such asbonds, stock ETFs, and CSI300 stocks. They'll receive liquidity fromthe PBOC to boost their capacity to access funds, increase equityholdings. Yesterdayafternoon we had the announcement of China's Ministry of Financebriefing, scheduled for 10 am Beijing time (0200 GMT, 2200 US Easterntime) on Saturday, October 12, which is to provide insights intofiscal policy and economic development ... or " intensifyingcountercyclical adjustments to its fiscal policy" according todocuments.Thecombination of two helped stocks in China and Hong Kong stabilizetoday.FromJapan were data for ‘wholesale’ inflation, the PPI (also referredto as the Corporate Goods Price Index) for September. This rose fromAugust, and came in better than expected. USD/JPYhas not had a large range today, and is little changed on thesession. FederalReserve Bank of San Francisco President Mary Daly spoke, projectingone or two further FOMC rate cuts this year. There are more of herremarks in the bullet point above. MajorFX rates traded in a subdued fashion ahead of the US CPI data dueThursday morning (8.30 am) US time. Asa heads up, at 0735GMT (0335 US Eastern time ... i.e. soon) Bank of Japan DeputyGovernor Ryozo Himino will be speaking. Reserve Bank of Australia's Assistant Governor Economic Hunter will speak at 0745 GMT, 0345 US Eastern time.I don’t have topics forthese speeches. This article was written by Eamonn Sheridan at www.forexlive.com.