-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
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 AccessAUDJPY Craters As Risk Sentiment Wanes Following Payrolls
- The initial reaction to the November NFP report in currency markets was general dollar weakness. - Reacting to the below consensus headline figure, the dollar index retreated around 0.3%. EURUSD spiked to an intra-day high of 1.1333 and USDJPY tagged 113.
- As markets digested the numbers, breakdowns suggested a much healthier report and the dollar pared losses and extended to session highs as the Fed’s taper timeline would appear unaffected in the short-term. USDJPY staged a solid recovery and rose to 113.61 with renewed optimism for the greenback.
- With a potential acceleration of the taper in place and lingering Omicron-related pessimism, equities began to feel the pressure prompting a broad based sell-off in risk.
- Risk-tied currencies suffered significantly, with AUD and NZD both retreating 1% off their highs and extending their recent downtrends. AUDUSD trades within a few pips of the 0.70 mark, narrowing the gap with the November 2020 lows at 0.6991, where support appears scant below this point.
- In tandem the Japanese Yen came roaring back as markets sought the historical safe havens. As such, AUDJPY fell close to 2%, briefly breaching the September lows below 78.85. NZDJPY also declined close to 1.5%.
- Despite the volatile session the dollar index is just 0.15% in the red, ending the week broadly in line with last week’s close.
- Monetary policy decisions in Australia and Canada on Tuesday and Wednesday respectively. Friday’s US CPI is the headline piece of data next week.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.