MNI China Daily Summary: Friday, February 3

MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

MNI BRIEF: China To Fully Reopen Borders With HK and Macau

MNI DATA FORECASTS: RBA, Riksbank In Focus

MNI: US ISM JAN SERVICES COMPOSITE INDEX 55.2

RBA Watch

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

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Drifting in the red

USD
BulletMarketsForeign Exchange NewsHomepage
  • After a mixed overnight session for the Dollar, the currency is slowly moving into the red against all G10s, besides the JPY, still down small 0.18%.
  • The move in USDJPY was huge yesterday, bigger range than the last 2 BoJ interventions.
  • USDJPY dropped circa 293 pips in 2 minutes post the US CPI miss, and extended further to drop a full 580 pips post the release (638 pips total range).
  • Looking at tech, support is at 140.36/21 Low Sep 22 - Intervention Low / Low Nov 10.
  • Resistance comes at 143.40 50.0% retracement of the Nov 10 range.
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  • After a mixed overnight session for the Dollar, the currency is slowly moving into the red against all G10s, besides the JPY, still down small 0.18%.
  • The move in USDJPY was huge yesterday, bigger range than the last 2 BoJ interventions.
  • USDJPY dropped circa 293 pips in 2 minutes post the US CPI miss, and extended further to drop a full 580 pips post the release (638 pips total range).
  • Looking at tech, support is at 140.36/21 Low Sep 22 - Intervention Low / Low Nov 10.
  • Resistance comes at 143.40 50.0% retracement of the Nov 10 range.