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

MNI: PBOC Net Injects CNY274 Bln Tuesday via OMO

CHINA PBOC INJECTS CNY385 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1851 TUES VS 7.1856

MNI JAPAN JULY JOBLESS RATE RISES TO 2.7% VS. JUNE 2.5%

MNI: UK AUG BRC SHOP PRICES +0.5% M/M, +6.9% Y/Y

Futures Consolidate Gains

MNI BRIEF: China Will Look To Belt & Road Amid Trade Tensions

MNI BRIEF: BOC Staff Paper Sees Few Signs Of 'Greedflation'

MNI BRIEF: Canada Raises Bank Capital Buffer On Housing Risk

*Dec13 dollar-yen open Y113.55, range...>

YEN SUMMARY
YEN SUMMARY: *Dec13 dollar-yen open Y113.55, range Y113.13 to Y113.58
*Dollar-yen opened in Asia toward the middle of the Y113.37 to Y113.76 range
witnessed yesterday, where upbeat US economic data underpinned the greenback.
NFIB small business optimism rose from 103.8 in October to 107.5 in November,
the highest reading since 1983.
*Dollar-yen was in consolidation mode for most of the session, the pair held a
tight Y113.42 to Y113.58 range
*News that Democrat Jones had won the Senate election by beating Republican
Moore saw modest US dollar weakness across the board, dollar-yen eased from the
mid-Y113.40's to Y113.13.
*The move proved fleeting, the pair recovered to Y113.35 and then consolidated
between Y113.30 to Y113.35 heading toward the European open.
*Resistance at Y113.81 is proving stubborn, the level marks 76.4% fib
retracement on Y114.73-Y110.84 decline, while Asia's low at Y113.13 provide
initial support
*US CPI and FOMC provide the main event risks for the session ahead.
MarketsForeign Exchange News
MarketsForeign Exchange News

To read the full story

Why Subscribe to

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.