Published at 01:16 (GMT) 12 Mar

USD/JPY, NZD/JPY Flows - Fix 90.64; Pres Obama to name Fed Yellen+2 Gov; FOMC Mar16 (KBWC2001)

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USD/JPY fixing set at 90.64, with USD/JPY trading around 90.60-63, 2-way interest still as USD/JPY now in range of 90.00-91.00 - "up" from 89.50-90.50. USD/JPY supported by expectation of more BoJ easing on March 16-17 meeting, even as expectation that Fed is discussing how long to Extend the Extended Period language on March 16 Fed FOMC - though focus on nomination of Fed Yellen as Vice Chair now. Reuters report nomination of SF Fed Janet Yellen and 2 others to Fed board subject to completing of vetting process. Obama Admin is vetting more than just the 3 main Fed Candidates (2 Fed Govs, 1 Fed Vice Chairman/woman) in case top 3 choices encounter problems. On FX, good to watch the dovish/hawkish stance of the 2 new Fed Governors nominees. NZD/JPY at 63.35-40, seen weighed post dovish RBNZ yest, eye 62.50.WL12 March 2010