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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
- On one hand, the rising uncertainty amid growing concerns over the Chinese property market (and Evergrande 'collapse' ) has increased preference for 'safe' assets such as the JPY, which has been gradually appreciating in the past two weeks.
- On the other hand, traders continue to chase CZK amid monetary policy diverge (vs. G10 central banks) as CNB prepares for a 50bps hike on September 30.
- CZKJPY has been finding support at its 200DMA at 5.03 this week after consolidating sharply lower since the beginning of the month.
- A break below that level would open the door for a move down to 5.
- On the topside, first resistance to watch stands at 5.08 (50DMA), followed by 5.14 (100DMA).
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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