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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.
CZECHIA
- CZKJPY has been surging in recent weeks amid strong policy divergence between CNB and BoJ.
- On one hand, CEE central banks are likely to prolong their tightening cycle to combat inflation and therefore reviewed the terminal rate to the upside; CNB terminal rate is likely to be increased up to 4.5%/5% in H1 2022.
- On the other hand, BoJ is far from starting its policy normalization; Kuroda reiterated last month that the central bank is 'not likely to make moves toward policy normalization'.
- CZKJPY is gradually approaching its 5.455 resistance, which was the high reached in early February 2018 when liquidity reached its peak in the EM world (pre-Covid shock).
Source: Bloomberg/MNI
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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