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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

10 years 3 months

Latest articles

NZD tracking sideways
Global rates push higher. USD and JPY underperform . NZ government bond yields down to a fresh record low
26th Aug 20, 7:46am
by Jason Wong
Global rates push higher. USD and JPY underperform . NZ government bond yields down to a fresh record low
An air of optimism
Equities gain on positive virus developments. Currencies, global rates well contained. NZ rates fall to a fresh record low
25th Aug 20, 7:39am
by Jason Wong
2
Equities gain on positive virus developments. Currencies, global rates well contained. NZ rates fall to a fresh record low
USD gains after Fed minutes release
USD reverses course, shows broad based gains. NZD back below 0.66 but outperforms on the crosses. RBNZ speech this morning
20th Aug 20, 7:52am
by Jason Wong
USD reverses course, shows broad based gains. NZD back below 0.66 but outperforms on the crosses. RBNZ speech this morning
NZD gains against all majors
US equities rise to record high helped by further broad weakness in the USD. NZD outperforms and regains 0.66 handle even with NZ short-rates down to record lows
19th Aug 20, 7:48am
by Jason Wong
US equities rise to record high helped by further broad weakness in the USD. NZD outperforms and regains 0.66 handle even with NZ short-rates down to record lows
NZD doesn't rise with other commodity currencies
US equities higher even with no fiscal stimulus bill in sight. Global rates fall after rising last week. USD soft but so is NZD, seeing NZD/AUD down to 2-year low
18th Aug 20, 7:47am
by Jason Wong
1
US equities higher even with no fiscal stimulus bill in sight. Global rates fall after rising last week. USD soft but so is NZD, seeing NZD/AUD down to 2-year low
NZD recovers after dovish MPS
US equities on the cusp of a record close. Risk appetite supports NZD and AUD. So NZD back above pre-RBNZ MPS level. NZ rates market significantly outperforms post dovish MPS
13th Aug 20, 7:56am
by Jason Wong
1
US equities on the cusp of a record close. Risk appetite supports NZD and AUD. So NZD back above pre-RBNZ MPS level. NZ rates market significantly outperforms post dovish MPS
Eyes on RBNZ's MPS
US stimulus extensions mired in disagreements. Equities nudge higher; little change in rates. NZD slips below 0.66; NZD/AUD finds support near 0.92
11th Aug 20, 7:42am
by Jason Wong
2
US stimulus extensions mired in disagreements. Equities nudge higher; little change in rates. NZD slips below 0.66; NZD/AUD finds support near 0.92
Currency traders ignore NZ jobs data
Risk sentiment higher. Equities up, bond yields up. USD underperforms although NZD, AUD rally fades
6th Aug 20, 7:50am
by Jason Wong
Risk sentiment higher. Equities up, bond yields up. USD underperforms although NZD, AUD rally fades
NZD under more pressure
Market likes flattening of US COVID19 case numbers and ISM data. Equities, USD and UST yields higher. NZD and AUD slightly underperform
4th Aug 20, 8:00am
by Jason Wong
Market likes flattening of US COVID19 case numbers and ISM data. Equities, USD and UST yields higher. NZD and AUD slightly underperform
NZD slips with the USD
FOMC maintains dovish tone. S&P higher, sustaining gains ahead of the meeting. GBP, EUR and AUD make fresh highs with USD under pressure. NZD lags the others
30th Jul 20, 7:52am
by Jason Wong
FOMC maintains dovish tone. S&P higher, sustaining gains ahead of the meeting. GBP, EUR and AUD make fresh highs with USD under pressure. NZD lags the others
NZD is weaker on all the crosses
NZD broadly lower over past 24 hours. Markets in a cautious mode; 5bps rally in bonds overnight. GBP outperforms
29th Jul 20, 7:48am
by Jason Wong
1
NZD broadly lower over past 24 hours. Markets in a cautious mode; 5bps rally in bonds overnight. GBP outperforms
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