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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

9 years 10 months

Latest articles

Near term risks add modest caution
Less fear over coronavirus as rate of increase in cases subsides. US equities up to fresh record; global rates nudge higher. NZD and AUD better bid while safe haven currencies underperform
12th Feb 20, 7:53am
by Jason Wong
Less fear over coronavirus as rate of increase in cases subsides. US equities up to fresh record; global rates nudge higher. NZD and AUD better bid while safe haven currencies underperform
NZD hostage to global forces
NZD continues to drift lower on coronavirus fears. US 10-year rate down as well. US equities unperturbed
11th Feb 20, 8:01am
by Jason Wong
NZD continues to drift lower on coronavirus fears. US 10-year rate down as well. US equities unperturbed
NZD falls as coronavirus rises
Spreading coronavirus remains the key market focus. NZD and AUD fall to fresh lows for the year. UST yields turn back down despite robust employment report
10th Feb 20, 7:46am
by Jason Wong
Spreading coronavirus remains the key market focus. NZD and AUD fall to fresh lows for the year. UST yields turn back down despite robust employment report
Investors embrace risk
US equities at fresh record highs. USD stronger; NZD loses a little ground. Upside pressure on NZ rates
7th Feb 20, 8:07am
by Jason Wong
US equities at fresh record highs. USD stronger; NZD loses a little ground. Upside pressure on NZ rates
Positive vibes return
Market’s fear over coronavirus fades. Global equities rebound; global rates higher. NZD and AUD push higher
5th Feb 20, 7:46am
by Jason Wong
Market’s fear over coronavirus fades. Global equities rebound; global rates higher. NZD and AUD push higher
Risk sentiment improves
Some calm restored to markets. US equities and rates higher. GBP hit as UK-EU trade talks in the spotlight. NZD and AUD flat
4th Feb 20, 7:49am
by Jason Wong
1
Some calm restored to markets. US equities and rates higher. GBP hit as UK-EU trade talks in the spotlight. NZD and AUD flat
Data ignored as China events unfold
Coronavirus fears continue to dominate market price action. Global equities, rates, commodity prices lower. NZD and AUD continue to underperform
3rd Feb 20, 7:46am
by Jason Wong
Coronavirus fears continue to dominate market price action. Global equities, rates, commodity prices lower. NZD and AUD continue to underperform
NZD stays down, rates lower and flatter
Calm returns to markets. US equities up over 1%; US rates higher. NZD underperforms despite higher risk appetite
29th Jan 20, 7:44am
by Jason Wong
Calm returns to markets. US equities up over 1%; US rates higher. NZD underperforms despite higher risk appetite
Fear pushes economic data to back seat
Spreading coronavirus impacts markets. Global equities and rates head south. NZD, AUD and CNY underperform
28th Jan 20, 7:43am
by Jason Wong
Spreading coronavirus impacts markets. Global equities and rates head south. NZD, AUD and CNY underperform
NZD lacks a pulse
Fears about spreading coronavirus impacts markets. Commodity prices, US equities, US rates all much lower. Market rate cut expectations in NZ diminish further
27th Jan 20, 7:53am
by Jason Wong
Fears about spreading coronavirus impacts markets. Commodity prices, US equities, US rates all much lower. Market rate cut expectations in NZ diminish further
NZD soft in illiquid market
GBP up on stronger data. CAD weaker on dovish BoC. NZD and AUD unchanged overnight. Little price action in bonds, equities
23rd Jan 20, 7:53am
by Jason Wong
GBP up on stronger data. CAD weaker on dovish BoC. NZD and AUD unchanged overnight. Little price action in bonds, equities
Davos starts as growth sags
Little change in market pricing with US holiday. IMF nudges global growth forecast lower. BoJ today; Trump speaks at Davos tonight
21st Jan 20, 7:47am
by Jason Wong
Little change in market pricing with US holiday. IMF nudges global growth forecast lower. BoJ today; Trump speaks at Davos tonight
NZ joins rising global mood
Risk sentiment positive to start the week. NZD flat against a stronger CNY. JPY and GBP underperform. Equities and rates higher
14th Jan 20, 7:47am
by Jason Wong
Risk sentiment positive to start the week. NZD flat against a stronger CNY. JPY and GBP underperform. Equities and rates higher
Lots of noise, not much net change
Despite volatility, major currencies are little changed from pre-Xmas levels. NZD and AUD lower early-2020, reversing late-2019 strength. NZ and US rates lower so far in 2020
13th Jan 20, 8:01am
by Jason Wong
Despite volatility, major currencies are little changed from pre-Xmas levels. NZD and AUD lower early-2020, reversing late-2019 strength. NZ and US rates lower so far in 2020
NZD has upside risk
Global rates higher; US yield curve steeper. CAD stronger after CPI; GBP softens further. BoE, BOJ ahead; and NZ GDP and Australian employment data out today
19th Dec 19, 7:50am
by Jason Wong
Global rates higher; US yield curve steeper. CAD stronger after CPI; GBP softens further. BoE, BOJ ahead; and NZ GDP and Australian employment data out today
NZ commodity prices peaking?
GBP slumps as no-deal Brexit risk increases again. NZD and AUD weakness not entirely explainable. Other market movements little changed
18th Dec 19, 8:05am
by Jason Wong
GBP slumps as no-deal Brexit risk increases again. NZD and AUD weakness not entirely explainable. Other market movements little changed
Trade deal imminent?
US equities higher, chunky selloff in US treasuries. Stronger USD holds back NZD; AUD breaks 0.69. UK goes to the polls
13th Dec 19, 7:50am
by Jason Wong
US equities higher, chunky selloff in US treasuries. Stronger USD holds back NZD; AUD breaks 0.69. UK goes to the polls
Baton passed from NZ monetary to fiscal policy
NZD, AUD higher overnight alongside EM currencies. USD, US rates slightly lower ahead of FOMC announcement
12th Dec 19, 7:43am
by Jason Wong
NZD, AUD higher overnight alongside EM currencies. USD, US rates slightly lower ahead of FOMC announcement
NZD challenges AUD
More trade war headlines, but we’re still none the wiser. NZD, AUD slip a little overnight. NZ fiscal update today to show a “significant” easing, larger bond program
11th Dec 19, 8:11am
by Jason Wong
4
More trade war headlines, but we’re still none the wiser. NZD, AUD slip a little overnight. NZ fiscal update today to show a “significant” easing, larger bond program
Future sees local fiscal stimulus, extra bond supply and RBNZ on hold
A quiet start to the week with the key events all near the end of the week. There has been little change in equities, global rates, currencies. NZ rates up to 5-month highs
10th Dec 19, 7:54am
by Jason Wong
A quiet start to the week with the key events all near the end of the week. There has been little change in equities, global rates, currencies. NZ rates up to 5-month highs
NZD well-supported with positive risk assessment
Mood-music on trade deal positive after Bloomberg report. US equities recover and bond rates higher. The NZD touches fresh multi-month high but GBP and CAD lead the way
5th Dec 19, 7:49am
by Jason Wong
Mood-music on trade deal positive after Bloomberg report. US equities recover and bond rates higher. The NZD touches fresh multi-month high but GBP and CAD lead the way
NZD holds up above 0.65
Trump’s comments on US-China trade deal under scrutiny, sending US equities down 1%. UST10s down 12bps. USD soft
4th Dec 19, 7:50am
by Jason Wong
2
Trump’s comments on US-China trade deal under scrutiny, sending US equities down 1%. UST10s down 12bps. USD soft
BNZ FX strategist struggles to stay awake at work
Quiet trading conditions with US on holiday. NZD stuck in a tight range even though the run of positive NZ data continues
29th Nov 19, 7:49am
by Jason Wong
2
Quiet trading conditions with US on holiday. NZD stuck in a tight range even though the run of positive NZ data continues
Aussie dollar moves lower
US data supports positive risk appetite. NZD/USD flat but NZD/JPY continues to nudge higher. GBP up ahead of key YouGov poll
28th Nov 19, 8:02am
by Jason Wong
US data supports positive risk appetite. NZD/USD flat but NZD/JPY continues to nudge higher. GBP up ahead of key YouGov poll
NZD stays up after buoyant retail sales data
Market ignores trade news headlines. Currencies in well-contained ranges. Global rates tick lower
27th Nov 19, 8:01am
by Jason Wong
Market ignores trade news headlines. Currencies in well-contained ranges. Global rates tick lower