CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

AUD/JPY: Bulls Struggling To Clear 20-Day EMA, Japanese Natl CPI On Tap

AUD

AUD/JPY prints at ¥94.80/90, the pair firmed ~0.4% as the AUD outperformed in the G-10 space in lieu of yesterday's Australian Labour Market Report.

  • Resistance was seen above the 20-Day EMA and ¥95 handle, bulls have struggled to sustain a break of the 20-Day EMA in recent dealing and it has emerged as a key level.
  • The measure comes in at ¥94.94, a break through here opens yesterday's high (¥95.42) and the high from 5 July (¥96.83).
  • Bears look to break the ¥94 handle, from here they look to target the low from 12 July (¥93.27) and the 200-Day EMA (¥92.16).
  • On the wires in just over 30 minutes we have June National CPI from Japan, the headline figure is expected to hold steady at 3.2% Y/Y and the core figure is forecast to tick higher to 3.3% Y/Y from 3.2%.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.