26/09/13 @ 07:49 GMT by Simon Smith, Chief Economist

　　http://www.fxpro.cn/news/daily-forex-brief/20130926/ouyuan-dongtai

　　Data/Event Risks

　　数据／事件风险

　　GBP: The final GDP data brings less risk of revision than the earlier releases, but is of modest interest for the finer details offered on the household sector and saving, but any upward revision to the 0.7% figure seen (a couple of banks are looking for this) would be sterling positive.

　　JPY: Focus early Friday will be on the CPI data, where the market is looking for a further small increase in the headline rate from 0.7% to 0.8%. Recall that the BoJ has a 2% target for inflation, so any number greater than this would be yen negative, on the basis that quantitative easing will continue and there is a greater possibility of Japan exiting from the deflationary trap that has gripped the economy for most of the past 20 years.

　　英镑：最终 GDP 数据比早前的发布面临的修改风险要小一些，不过在家庭部门和储蓄方面 GDP 所能引起的兴趣不是很大，但如果0.7%的数据被修改变大的话（许多银行都在盼望这件事）将会给英镑提供支持。

　　日元：周五关注的焦点将会是 CPI 数据，其中市场的期待就是整体数据能够从0.7%上升到0.8%。记得日本银行的通胀目标是2%，因此如果实际数据超过的话将对日元不利，这是因为量化宽松还在继续而日本有很大的机率从过去二十年里弥漫日本经济的通缩圈套中脱身出来。

　　Idea of the Day

　　今日看法

　　There have been some interesting dynamics on the euro at the present moment in time. On the one hand, there are increased signs that the ECB may offer another longer-term refinancing operation. All else equal, this would be euro negative. But the euro was one of the stronger performers (along with sterling) yesterday as the dollar gains after the initial post-Fed slump came to an end. The supportive factor is that the Eurozone is running a current account surplus and as investors become more nervous about emerging markets (especially those required to attract overseas capital), the euro is seen by some as a more attractive alternative to the dollar. As we talked about yesterday, there are opposing dynamics on the greenback as the debt ceiling debate continues, safe haven versus fiscal concerns. This means that even if the ECB do warm further to further policy measures, the impact on the euro may be limited.

　　目前，欧元方面出现了一些有意思的动态。一方面，有越来越多的迹象显示欧洲央行可能会提供另一个长期的再融资计划。其他条件相等的情况下，这对欧元的影响将会是负面的。不过昨天欧元是表现很好的货币中的一员（还有英镑），因为美元在美联储决定发布后所得到的东西都结束了。而积极的因素就是欧元区出现了帐户盈余，而投资者对于新兴市场（特别是那些必须吸引海外资本的）的担心也越来越多。一些人认为欧元比美元更具有吸引力。正如我们昨天提到的，美元方面的动态是负面的，因为美国的债务限额谈判还在继续，也就是避险和财政两者之间的对决。这意味着，即使欧洲央行继续其政策，对欧元的影响也可能是有限的。

　　Latest FX News

　　最新外汇新闻

　　EUR: The euro was leading the fight-back (along with sterling) against the upward creep of the dollar seen since the Fed decision in the middle of last week.

　　JPY: The yen weaker during Asia, partially on renewed speculation of a cut in corporate taxes, which gave shares another boost and pushed USDJPY above the 99.00 level.

　　AUD: Some underlying support for the Aussie overnight as stocks firm and helped by the general fight-back against dollar weakness seen during Wednesday. Aussie downtrend from the 0.9529 high seen last week remains in place.

　　欧元：欧元在引领反击战（以及英镑），针对的是上周中旬美联储决定发布后美元的飙升。

　　日元：亚洲盘口日元疲软，部分是因为大家对企业税减少有了新的看法，这会提振股票并将美元日元推高到99.00以上。

　　澳元：前一天澳元获得了一些支持，因为股票稳定，也因为得到来自反击周三美元出现的疲软的帮助。上周澳元从0.9529开始下降的趋势仍然存在。

　　FX Alerts

　　GBP LOWER ON GDP AND INVESTMENT

　　GDP 和投资导致英镑走低

　　26/09/13 @ 08:35 GMT by Simon Smith, Chief Economist

　　http://www.fxpro.cn/news/forex-news/20130926/gdp-he-touzi-daozhi-yingbang-zoudi

　　GBP 50 pips lower on the back of GDP and investment data to 1.6045. GDP revised down to 1.3% (from 1.5%) on annual measure. Biz investment down 2.7% QoQ.

　　由于 GDP 和投资，英镑下降了 50 个pip到了1.6045。GDP 年度数据（从1.5%）修改到了1.3%。商业投资季度环比下降了2.7%

　　FX Alerts

　　JN TOKYO CORE CPI Y/Y

　　日本东京核心 CPI 同比

　　26/09/13 @ 23:33 GMT by FxPro Dealing Desk

　　http://www.fxpro.cn/news/forex-news/20130927/riben-dongjing-hexin-cpi-tongbi

　　Tokyo Core Consumer Prices for September rise 0.2% y/y

　　东京九月核心居民消费价格同比上升了0.2%