MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: US JUN PERSONAL INCOME +0.2%; NOM PCE +0.3%

Monthly Retail Sales Volatility Obscures Still-Positive 3m/3m Trend

Retail Sales Grow Slightly In June, Consistent With Surveys

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Early Yen Bid, Similar Pattern Seen During Tuesday & Wednesday Sessions

JPY

The early bias in Asia Pac trade for USD/JPY is once again to the downside, as was the case on Tuesday and Wednesday. The pair last sat close to 130.95, around -0.30% off NY closing levels. We remain above Wednesday session lows seen in NY trade (130.64). This level will be watched as a potential support point.

  • Yen strength is probably reflective of local reaction to Wednesday's softer than expected U.S. data and related richening in U.S. Tsys (although the move in bonds pared back from extremes), while worry surrounding U.S.- China relations centered on the verbal jousting after a bipartisan group of U.S. politicians met with Taiwanese President Tsai will be doing the JPY bid no harm.
  • The early tone is for a softer USD against the other majors, but yen is outperforming at the margins.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

To read the full story

Close

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.