sign up log in
Want to go ad-free? Find out how, here.

Jason Wong

About

Jason Wong is BNZ’s currency strategist, producing analysis that informs the NZD view. He is also a part of National Australia Bank’s (NAB) Global FX Strategy team, which covers currency markets more broadly, with a focus on the G10 currencies.

Member for

9 years 3 months

Latest articles

The NZD touches a fresh multi-month high
USD continues to remain under pressure. NZD and EUR hit fresh highs. NZD on track for a 0.70 handle this year?
28th Jul 20, 7:52am
by Jason Wong
USD continues to remain under pressure. NZD and EUR hit fresh highs. NZD on track for a 0.70 handle this year?
NZD and AUD under pressure
Risk appetite falls with focus on rising US jobless claims. US payroll tax idea extinguished, paving way for some sort of fiscal bill. US 10-year rates approaches bottom end of the range
24th Jul 20, 7:44am
by Jason Wong
Risk appetite falls with focus on rising US jobless claims. US payroll tax idea extinguished, paving way for some sort of fiscal bill. US 10-year rates approaches bottom end of the range
Kiwi dollar supported even as global tensions rise
NZD and AUD make fresh highs overnight. Rising US-China geopolitical tension only causes a temporary dip in risk assets. NZD/AUD finds support above 0.93
23rd Jul 20, 7:58am
by Jason Wong
NZD and AUD make fresh highs overnight. Rising US-China geopolitical tension only causes a temporary dip in risk assets. NZD/AUD finds support above 0.93
Risk assets are higher, driven by a surge in Chinese equities
Surge in Chinese equities fuels global rally in risk assets. US positive data surprises continue. NZD and AUD well supported, although little movement overnight
7th Jul 20, 7:47am
by Jason Wong
Surge in Chinese equities fuels global rally in risk assets. US positive data surprises continue. NZD and AUD well supported, although little movement overnight
NZD up despite rising tensions
NZD and AUD push higher. COVID19 outbreak in Victoria and AU/China tensions being watched closely. Likely pressure on NZ long rates ahead of long bond syndication
6th Jul 20, 7:37am
by Jason Wong
NZD and AUD push higher. COVID19 outbreak in Victoria and AU/China tensions being watched closely. Likely pressure on NZ long rates ahead of long bond syndication
Global rates and rising equities push the NZD up
Risk appetite higher as Q3 begins. Equities, rates, NZD all modestly higher. Progress on a new vaccine and strong US ISM figures help
2nd Jul 20, 7:57am
by Jason Wong
1
Risk appetite higher as Q3 begins. Equities, rates, NZD all modestly higher. Progress on a new vaccine and strong US ISM figures help
NZD makes up lost ground, and more
Global equities round off a strong quarter with further gains. NZD and AUD well bid into month-end after falling last evening. UST yields push higher into month-end
1st Jul 20, 7:52am
by Jason Wong
Global equities round off a strong quarter with further gains. NZD and AUD well bid into month-end after falling last evening. UST yields push higher into month-end
The NZD dips slightly
Risk sentiment starts the week on a positive note supported by US economic data and lack of fresh negative news. Most currencies and US Treasury movements muted
30th Jun 20, 7:50am
by Jason Wong
1
Risk sentiment starts the week on a positive note supported by US economic data and lack of fresh negative news. Most currencies and US Treasury movements muted
RBNZ easing bias keeps NZD lower
Risk sentiment sours on a trifecta of bad headlines. NZD dragged lower, making further losses from those post-RBNZ statement. NZ curve steepens, with supply announcement pushing up long-end rates
25th Jun 20, 7:49am
by Jason Wong
1
Risk sentiment sours on a trifecta of bad headlines. NZD dragged lower, making further losses from those post-RBNZ statement. NZ curve steepens, with supply announcement pushing up long-end rates
USD back under pressure after recent unconvincing rally
Global PMI data consistent with economic recovery supporting risk assets. NZD up through 0.65. Bond issuance update and RBNZ OCR review due later
24th Jun 20, 7:52am
by Jason Wong
1
Global PMI data consistent with economic recovery supporting risk assets. NZD up through 0.65. Bond issuance update and RBNZ OCR review due later
NZD dragged down
Risk off tone overnight. GBP lower as BoE stimulus not seen to be enough. NZD and AUD weaker as USD strengthens
19th Jun 20, 7:44am
by Jason Wong
Risk off tone overnight. GBP lower as BoE stimulus not seen to be enough. NZD and AUD weaker as USD strengthens
Risk appetite bolsters NZD
Risk appetite turns positive after yesterday’s move lower. NZD and AUD show decent recoveries overnight. Fed to buy individual corporate bonds, supporting market sentiment
16th Jun 20, 7:53am
by Jason Wong
1
Risk appetite turns positive after yesterday’s move lower. NZD and AUD show decent recoveries overnight. Fed to buy individual corporate bonds, supporting market sentiment
NZD level all to do with risk appetites
Choppy US trading session Friday, but overall, risk appetite higher after Thursday’s plunge. NZD and AUD push higher
15th Jun 20, 7:37am
by Jason Wong
Choppy US trading session Friday, but overall, risk appetite higher after Thursday’s plunge. NZD and AUD push higher
Reality check: risk assets plunge
US equities down over -5%, UST10s rally. NZD down -1.7%, AUD down over -2% in sharp correction
12th Jun 20, 7:49am
by Jason Wong
US equities down over -5%, UST10s rally. NZD down -1.7%, AUD down over -2% in sharp correction
Weaker greenback boosts the Kiwi
Fed stimulus to remain at full-throttle. Sees US 10-year lower, dragging USD down. NZD and AUD print fresh multi-month highs
11th Jun 20, 7:44am
by Jason Wong
Fed stimulus to remain at full-throttle. Sees US 10-year lower, dragging USD down. NZD and AUD print fresh multi-month highs
A profit-taking breather
Mixed markets, some profit taking evident. NZD and AUD retreat after posting fresh highs yesterday. US curve steepening gives way to curve flattening
10th Jun 20, 7:49am
by Jason Wong
Mixed markets, some profit taking evident. NZD and AUD retreat after posting fresh highs yesterday. US curve steepening gives way to curve flattening
COVID19-free status helps NZD
NZD, AUD push higher as USD remains under pressure. JPY also stronger. Global rates nudge lower. No fresh news to derail equity markets
9th Jun 20, 7:45am
by Jason Wong
NZD, AUD push higher as USD remains under pressure. JPY also stronger. Global rates nudge lower. No fresh news to derail equity markets
NZD pushes on higher
US jobs data a shocker, 10m better than expected, sees further extension of global equity market rally and bond market selloff. NZD and AUD extended gains ahead of the report to fresh highs
8th Jun 20, 7:53am
by Jason Wong
US jobs data a shocker, 10m better than expected, sees further extension of global equity market rally and bond market selloff. NZD and AUD extended gains ahead of the report to fresh highs
NZD upgraded
EUR buoyed by increased policy easing. USD still under pressure; NZD and AUD print fresh highs. Global rates track higher, even as equities take a breather
5th Jun 20, 7:55am
by Jason Wong
2
EUR buoyed by increased policy easing. USD still under pressure; NZD and AUD print fresh highs. Global rates track higher, even as equities take a breather
Currency traders back the global economic recovery story.
NZD and AUD make further decent gains against a backdrop where investors are backing a global macro recovery. Rates market well-contained by central bank policies
3rd Jun 20, 7:56am
by Jason Wong
2
NZD and AUD make further decent gains against a backdrop where investors are backing a global macro recovery. Rates market well-contained by central bank policies
NZD affected by US-China tensions
US-China and China-Australia tensions in the spotlight, dragging down NZD and AUD from recent highs. US equities unperturbed. EUR supported by fiscal plan but not a done deal
28th May 20, 7:55am
by Jason Wong
US-China and China-Australia tensions in the spotlight, dragging down NZD and AUD from recent highs. US equities unperturbed. EUR supported by fiscal plan but not a done deal
Risk sentiment shoots higher
Economies reopen as vaccine development hopes rise. USD a lot lower and NZD up 2% to break up through resistance. Global and NZ rates higher
27th May 20, 7:52am
by Jason Wong
Economies reopen as vaccine development hopes rise. USD a lot lower and NZD up 2% to break up through resistance. Global and NZ rates higher
China moves to reassure Hong Kong investors
Market holidays see quiet trading conditions. European equities higher and S&P futures up 1.2% as economies reopen. China tries to ease concern on new Hong Kong security law
26th May 20, 7:38am
by Jason Wong
Market holidays see quiet trading conditions. European equities higher and S&P futures up 1.2% as economies reopen. China tries to ease concern on new Hong Kong security law
Risk sentiment is positive again
NZD and AUD push higher, driven by better risk sentiment. Governor Orr hoses down imminent move to a negative OCR
21st May 20, 7:53am
by Jason Wong
NZD and AUD push higher, driven by better risk sentiment. Governor Orr hoses down imminent move to a negative OCR
The NZD benefits from a rising risk appetite
Higher risk appetite evident in currency markets. NZD up more than 1%; breaks 0.61. RBNZ offers more clarity on policy guidance
20th May 20, 8:04am
by Jason Wong
Higher risk appetite evident in currency markets. NZD up more than 1%; breaks 0.61. RBNZ offers more clarity on policy guidance