MNI BRIEF: Fitch China Outlook Downgrade Regrettable - MoF

MNI BRIEF: Higher Import Prices To Drive Policy - BOJ's Ueda

RBNZ SAYS MPC CONFIDENT OCR IS RESTRICTIVE

MNI: PBOC Injects CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0959 Weds; -4.95% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: NORWAY MAR CORE CPI +0.2% M/M, +4.5% Y/Y

MNI: NORWAY MAR CPI +0.2% M/M, +3.9% Y/Y

MNI BRIEF: Japan Mar CGPI Rises 0.8% Y/Y, Higher Import Prices

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Consolidating Gains

JPY

USD/JPY retreated Monday amid risk aversion inspired by the escalating concern over the fallout from China's real-estate sector troubles. The rate last trades at Y109.40, a handful of pips lower on the day.

  • Bears need a fall through Aug 16 & Sep 15 lows of Y109.11 before targeting Y108.72, the low print of Aug 4 and the bear trigger. Conversely, a jump above Y110.16, which capped gains on Sep 13 & 14, would bring Sep 8/Aug 13 highs of Y110.45/46 into play.
  • The BoJ will deliver their monetary policy decision on Wednesday, which will be followed by the release of national CPI & flash Jibun Bank PMI data on Friday.
HomepageBank of Japan (BOJ) Market NewsBulletMarketsForeign 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.