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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 7 months

Latest articles

NZD and AUD fell late on Thursday and have sustained those losses; main price action to speak of is a strong gain in crude oil prices; higher oil prices have given a little boost to the US 10-year Treasury rate
NZD and AUD fell late on Thursday and have sustained those losses; main price action to speak of is a strong gain in crude oil prices; higher oil prices have given a little boost to the US 10-year Treasury rate
Little pulse across global equities and bond markets; currency markets have showed little movement overnight, while the NZD remains at the bottom of the pack after yesterday’s downside miss to the CPI
Little pulse across global equities and bond markets; currency markets have showed little movement overnight, while the NZD remains at the bottom of the pack after yesterday’s downside miss to the CPI
US Treasury rates continue to trend higher and the 10-year rate is now back to levels preceding the last Fed meeting; AUD has recovered yesterday’s losses to trade flat, while the NZD remains flat
US Treasury rates continue to trend higher and the 10-year rate is now back to levels preceding the last Fed meeting; AUD has recovered yesterday’s losses to trade flat, while the NZD remains flat
US equities have spent much of the session in negative territory and are currently slightly lower, US Treasuries have traded in a narrow range and the NZD and AUD are little changed from where they began the week
US equities have spent much of the session in negative territory and are currently slightly lower, US Treasuries have traded in a narrow range and the NZD and AUD are little changed from where they began the week
Commodity currencies outperform, alongside higher global equities and rates; the whole of last week was “low vol” for the NZD; AUD slightly outperformed the NZD
Commodity currencies outperform, alongside higher global equities and rates; the whole of last week was “low vol” for the NZD; AUD slightly outperformed the NZD
Within the mix of little overall price action, there’s some unexplainable weakness in the NZD following some weird rates activity yesterday; US 10-year Treasury rate has traded a tight 2.49-2.52% range
Within the mix of little overall price action, there’s some unexplainable weakness in the NZD following some weird rates activity yesterday; US 10-year Treasury rate has traded a tight 2.49-2.52% range
Positive economic and US-China trade talk news sees risk appetite improve, driving equities and global rates higher; NZD and AUD have pushed on higher against a backdrop of a weaker USD
Positive economic and US-China trade talk news sees risk appetite improve, driving equities and global rates higher; NZD and AUD have pushed on higher against a backdrop of a weaker USD
US equities are flat to lower and US Treasury rates have steadied after the significant sell-off yesterday; NZD, AUD and CAD are all weaker
US equities are flat to lower and US Treasury rates have steadied after the significant sell-off yesterday; NZD, AUD and CAD are all weaker
Stronger US ISM data have driven a significant sell-off in US Treasuries, but that hasn’t perturbed equity markets, which show decent gains; NZD is little changed from last week’s close, while GBP is recovering as a super-soft Brexit comes into play
Stronger US ISM data have driven a significant sell-off in US Treasuries, but that hasn’t perturbed equity markets, which show decent gains; NZD is little changed from last week’s close, while GBP is recovering as a super-soft Brexit comes into play
Higher risk appetite driving global equities higher while US Treasury yields ended slightly higher; currency movements weren’t significant, although commodity currencies headed the leaderboard, while Brexit uncertainty continued to weigh on GBP
Higher risk appetite driving global equities higher while US Treasury yields ended slightly higher; currency movements weren’t significant, although commodity currencies headed the leaderboard, while Brexit uncertainty continued to weigh on GBP
Market remains in an anxious state about the global economic outlook, which sees downward pressure on equity markets and global rates; NZD 1.6% lower; GBP is bid; AUD is under pressure
Market remains in an anxious state about the global economic outlook, which sees downward pressure on equity markets and global rates; NZD 1.6% lower; GBP is bid; AUD is under pressure
FOMC meeting tomorrow, where the market is primed for a dovish statement; US equity markets continue to drift higher, US yields are steady near recent lows, and the USD is on the soft side; NZD continues to trade a tight range
FOMC meeting tomorrow, where the market is primed for a dovish statement; US equity markets continue to drift higher, US yields are steady near recent lows, and the USD is on the soft side; NZD continues to trade a tight range
GBP is softer as hope fades for an end to the fog of uncertainty over Brexit; NZD and AUD have followed a similar path, moving higher late yesterday afternoon on the back of a weaker USD and then retreating from the European open
GBP is softer as hope fades for an end to the fog of uncertainty over Brexit; NZD and AUD have followed a similar path, moving higher late yesterday afternoon on the back of a weaker USD and then retreating from the European open
Modest changes in currencies, modest upside to equity markets and some further downside pressure to global rates featured in markets; NZD traded a very tight range Friday night after drifting higher during the local trading session
Modest changes in currencies, modest upside to equity markets and some further downside pressure to global rates featured in markets; NZD traded a very tight range Friday night after drifting higher during the local trading session
GBP is choppy but generally well supported; AUD and NZD are weaker after underwhelming China data yesterday, while JPY is weaker leading up to the BoJ’s announcement today; bonds and equities show little movement
GBP is choppy but generally well supported; AUD and NZD are weaker after underwhelming China data yesterday, while JPY is weaker leading up to the BoJ’s announcement today; bonds and equities show little movement
Global equity markets, global bond rates and euro lower; other key currency movements have been modest, with the NZD and AUD close to where they were yesterday morning; NZ longer term bond and swap rates fell 3-4bps
Global equity markets, global bond rates and euro lower; other key currency movements have been modest, with the NZD and AUD close to where they were yesterday morning; NZ longer term bond and swap rates fell 3-4bps
US equities and rates are lower this morning; NZD has performed okay against the backdrop of weaker AUD and CAD currencies; Australian rates were lower across the curve on weak GDP
US equities and rates are lower this morning; NZD has performed okay against the backdrop of weaker AUD and CAD currencies; Australian rates were lower across the curve on weak GDP
US equities tracking sideways, and US rates up slightly; USD shows broadly based gains, supported by stronger data, which has seen the NZD track consistently under the 0.68 mark; RBA kept its policy messaging unchanged
US equities tracking sideways, and US rates up slightly; USD shows broadly based gains, supported by stronger data, which has seen the NZD track consistently under the 0.68 mark; RBA kept its policy messaging unchanged
US equities, US rates and the USD were all higher on Friday; stronger USD backdrop saw the NZD slip a little to close the week around 0.68; AUD showed followed a similar trading pattern to the NZD
US equities, US rates and the USD were all higher on Friday; stronger USD backdrop saw the NZD slip a little to close the week around 0.68; AUD showed followed a similar trading pattern to the NZD
USD is bid and US Treasury rates have pushed higher following stronger than expected US data; NZD and AUD have slipped, with the NZD temporarily going sub 0.68 and the AUD going sub-0.71
USD is bid and US Treasury rates have pushed higher following stronger than expected US data; NZD and AUD have slipped, with the NZD temporarily going sub 0.68 and the AUD going sub-0.71
A couple of blows to the AUD has seen it tumble and drag down the NZD in its wake; global rates have pushed higher; USD nudged higher following the release of the FOMC minutes
A couple of blows to the AUD has seen it tumble and drag down the NZD in its wake; global rates have pushed higher; USD nudged higher following the release of the FOMC minutes
Currency movements have been modest, the S&P500 is barely positive, while global rates are little changed; NZD has been shuffling sideways since this time yesterday and sits this morning at 0.6875
Currency movements have been modest, the S&P500 is barely positive, while global rates are little changed; NZD has been shuffling sideways since this time yesterday and sits this morning at 0.6875
US equities are modestly higher while US Treasury yields have nudged lower; USD has a soft underbelly, which sees the NZD and AUD push higher; GBP has been the strongest of the majors
US equities are modestly higher while US Treasury yields have nudged lower; USD has a soft underbelly, which sees the NZD and AUD push higher; GBP has been the strongest of the majors
There has been little change in global rates or futures for US Treasuries and US equities; NZD has peeled off after a rally during local trading hours; GBP has outperformed despite more political shenanigans
There has been little change in global rates or futures for US Treasuries and US equities; NZD has peeled off after a rally during local trading hours; GBP has outperformed despite more political shenanigans
US government shutdown averted and more positive vibes on US-China trade developments; commodity currencies outperformed alongside GBP, while US and European equities made decent gains; global rates were flat on Friday
US government shutdown averted and more positive vibes on US-China trade developments; commodity currencies outperformed alongside GBP, while US and European equities made decent gains; global rates were flat on Friday