FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Approaching Monthly Highs

EURJPY

EUR/JPY picked up a bid yesterday, with the yen lagging all of its G10 peers in holiday-thinned trade, which allowed the pair to print best levels since Feb 1. The rate last operates at Y127.12, 6 pips higher on the day, with bulls looking for a break above Feb 11/Jan 29 highs of Y127.16/24, followed by Jan 7/Mar 1, 2019 highs of Y127.49/50. Conversely, a dip through the 50-EMA at Y126.07 would shift focus to Jan 27 low of Y125.60.

  • European Commission Vice-Pres Sefcovic & UK Cabinet Office Min Gove released a joint statement noting that they seek "workable solutions" to resolve differences over Northern Ireland.
  • Five Star Movement members voted in an online referendum in favour of backing Mario Draghi as the next PM, in another win for the ex-ECB chief. Draghi may report back to Pres Mattarella as soon as this week.
  • Final Spanish CPI takes focus on the data front today, ECB speaker slate is empty.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.