- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI 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 AccessEarly Bid Fades Away
USD/JPY ground lower at the start to the week, as the escalating Russia-Ukraine standoff took centre stage, prompting participants to flock into safe havens. Moscow's decision to recognise separatist "republics" in eastern Ukraine as sovereign nations ratcheted up tensions with Kyiv and the West, opening a new chapter in the ongoing crisis.
- Yomiuri reported that Tokyo is in talks with Washington DC to join an international initiative to restrict semiconductor exports to Russia as part of sanctions, should Moscow decide to invade Ukraine.
- USD/JPY extended losses in early Tokyo trade this morning, bottomed out at Y114.50 and clawed back losses, as initial risk-off moves across G10 FX space have been unwound.
- The rate last operates at Y114.74, close to unchanged levels. Further recovery past Feb 15 high of Y115.87 is needed to bring key resistance from Feb 10/Jan 4 highs of Y116.34/35 into view. Conversely, a sell-off past Feb 2 low of Y114.16 would expose Jan 24 low of Y113.47, a key near-term support.
- Looking ahead, focus moves to Tokyo CPI, due Friday.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
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.