Free Trial

Bullish Outlook


Trend Needle Still Points South


US-ASEAN Summit Concludes


Risk-On Sentiment Dominates

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FOREX: After a relatively quiet start to the U.S. session on Thursday, momentum
picked up on a break through session lows for USD/JPY, prompted by a poor
showing from U.S. equities & a strong day for Treasuries.
- Lower Tsys yields allowed the JPY to gain, with EUR/JPY printing the lowest
levels observed since September (sub Y129.00), as Italian & Spanish fiscal
worries added additional pressure to the cross.
- EUR was lower on the day on the aforementioned fiscal issues, while GBP
struggled on the back of the latest bout of Brexit impasse.
- The Scandis were the underperformers, with SEK & NOK both dented by souring
sentiment via. poor commodities prices.
- Focus Friday turns to Chinese GDP, Japanese CPI, UK PSNB figures, as well as
Canadian CPI & retail sales. Elsewhere BOJ's Kuroda, Fed's Bostic & Kaplan and
BoE's Carney are also due to speak.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.