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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.
FOREX
- A continued push higher in Tsy yields after the poorly received 7Y auction has seen an extension of intraday USD strength, although with BBDXY and DXY only back to the lower/mid end of yesterday’s range.
- USDJPY is now down just -0.2% on the day having lifted 130pips from fresh recent lows of 140.25. The bounce has come from a combination of those higher US yields, technical levels at play having stopped short of 140.23 (Fibo projection of Nov 13-21-22 price swing) after previously clearing support at 140.71 and then lifting with the WMR fix along with month and year-end flows.
- Broader USD strength helps offset a continued decline in crude futures for CAD, with CAD outperforming most high beta peers bar NZD. USDCAD at 1.3225 has lifted off session lows of 1.3183 but remains within the session range and with the pair still in oversold territory on a 14-day RSI basis.
USDJPYSource: Bloomberg
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.
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