Thursday US news - Cryptocurrency exchange Binance is under investigation

14 May 2021
Adam had the news posted overnight that 
Binance is facing investigations from the Justice Department and the IRS.
At this stage its an investigation only, the exchange has not been accused of wrongdoing: 
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European Central Bank jawboning if EUR/USD heads above 1.2200

14 May 2021
That's the expectation from Westpac.
Further from WPAC:
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Meanwhile, EUR/USD is not doing much at all during the timezone here, awaiting the US retails sales data Friday it would seem. 
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ForexLive Asia FX news wrap: Yen a little weaker

14 May 2021

Forex news for Asia trading on
Friday
14
May 2021

Yen
weakened a little during the session here today with USD/JPY as high
as circa 109.65 before stabilising. The Japanese government announced
it would be declaring a state of emergency in another 3 prefectures
(see bullets above), which came as a surprise although some
tightening of restrictions was expected. There
was little other news from
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Japan will use 512 bn yen from the emergency budget reserve to secure vaccines

14 May 2021
Japanese Ministry of Finance, an announcement via Minister Aso
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Heads up for two big US Friday events: Fed's Kaplan speaking ("Lets talk taper" guy) & Retail sales

14 May 2021
Federal Reserve Dallas branch President Robert Kaplan will be speaking on 14 May 2021 
Kaplan has been urging the FOMC to begin discussing winding back stimulus a little:
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China passenger and cargo flights - numbers surge in April

14 May 2021
April 2020 was a tough month indeed so do be mindful of the base effects here. Still, solid results:
April 2021
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Bitcoin pops above $50K again

14 May 2021
Its a lot quieter today in BTC than yesterday when it plunged and bounced for some retracements. 
BTC has mainly been out of the crypto headlines today, DOGE though is another story, it was given a boost from you-know-who (who else, Mr. Musk) earlier:
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Japan's Prime Minister Suga press conference coming up (1100GMT) - more coronavirus restrictions

14 May 2021
Suga to outline: 
Japan to declare state of emergency in another 3 prefectures
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US Sec State Blinken said the US will not leave Australia alone to face China coercion

14 May 2021
US Secretary of State Antony Blinken spoke at a press conference on Thursday (US time) alongside
visiting Australian Foreign Minister Marise Payne.
The background to this is China's Communist Party steadily ratcheting higher of economic sanctions on Australia and other diplomatic pressures. the CCP has used attacks on Australia instead of direct hits at the US,
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Reuters median forecast has the Federal Reserve to begin taper early in 2022

14 May 2021
Reuters with the results of a poll of economists:
I posted a little earlier on PCE expectations from Goldman Sachs:
Comments from ING on that number:
Fed Chair Powell at the virtual FOMC:
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