MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Erases Gains In NY, Data Docket Empty Today

JPY

USD/JPY prints at ¥148.35/40, the pair was unchanged on Tuesday.

  • The Yen erased its gains seen in yesterday's Asian session through NY yesterday after dealing in narrow ranges through Europe.
  • The bid in the USD seen alongside pressure on US Equities which extended after the FOMC minutes saw USD/JPY move higher as position squaring ahead of the US holiday added a level of support to the greenback.
  • A reminder that in yesterday's Asian session USD/JPY broke key support at ¥147.43, the Yen was up as much as ~0.8%.
  • Technically there is a short term bearish trend for USD/JPY. Support comes in at ¥147.15, Nov 21 low, and ¥146.00, trendline support drawn from Mar 24 low. Resistance is at ¥149.16, 50-Day EMA.
  • The data docket is empty today, the next release of note is Friday's October National CPI.
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.