- G10 Markets
- Fixed Income
- Foreign Exchange
- Emerging Markets
- MNI Research
- Global Macro
- Political Risk
- About Us
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
- G10 Markets
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
Real-time insight of oil & gas markets
Reporting on key macro data at the time of release.
- MNI ResearchMNI 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
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 Access
Cross/JPY Underpinned Ahead Of Ueda Nomination & US CPI
- The Japanese Yen is set to post standout losses on Monday with the currency weaker against all others in G10 just a few days out from the formal nomination of Ueda as the new BoJ governor. His nomination is expected to be presented to parliament tomorrow.
- Firmer sentiment in equity markets this afternoon has lent further support to cross/JPY, with notable advances of around 1.5% for the likes of AUDJPY, NZDJPY and GBPJPY.
- With the reversal of JPY sentiment in late 2022 closely linked to the turnaround for US headline inflation, today’s move could detect some trepidation for currency traders over tomorrow’s key US CPI figures.
- Brothers Harriman & Co. noted that recent data has confirmed their belief that markets had gotten too complacent about inflation and that the battle is far from over. On the other hand, analysts at TD believe that even on a higher US CPI print, they would expect short-lived USD rallies amid lower cross-asset volatility, a more resilient global economy and soft-landing narrative.
- USDJPY has briefly traded above the 50-day EMA, at 132.77, an average that represents a key short-term level. A sustained break is required to suggest scope for an extension higher that would expose 134.77, the Jan 6 high.
- In EURJPY, attention is on 142.99,the Feb 6 high, where a break would confirm a continuation of the recovery that started on Jan 3.
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI is the leading providerof 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.