CANADA DEC FLASH RETAIL SALES +1.6%, FASTEST IN NEARLY TWO YRS

MNI BRIEF: BOS's Escriva Calls For Gradual Moves To Neutral H1

MNI: UK JAN CBI INDUSTRIAL TRENDS TOTAL ORDERS -34

MNI CBRT WATCH: Turkey CenBank Cuts 1W Repo 250Bps As Expected

MNI China Daily Summary: Thursday, January 23

MNI BRIEF: China To Remain Second Largest Import Market

EZ/UK Bond Supply Calendar: EU Auction, BoE APF Monday

US EIA: CRUDE OIL STOCKS EX SPR -1.02M TO 411.7M JAN 17 WK

US EIA:NAT GAS STORAGE -223 BCF TO 2,892 BCF JAN 17 WK

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Familiar Risks In Focus, BoJ To Publish Minutes From Oct Meeting

JPY

Tuesday was an inside day for USD/JPY. The rate pushed higher as both sides of the pair drew support from broader demand for safe havens, with the greenback outperforming all of its G10 peers ahead of the turn of the year. The spread of the new variant of SARS-CoV-2, global tightening of lockdown restrictions and the spectre of a no-deal Brexit continued to weigh on risk.

  • USD/JPY sits -4 pips at Y103.60, with bulls looking to take out the 20-EMA/Dec 21 high at Y103.85/89 before targeting Dec 11 high of Y104.28. Bears look for losses past Dec 17 low of Y102.88, which would expose the 1.00 projection of Oct 7 - Nov 6 downleg from Nov 11 high located at Y102.75.
  • BoJ Oct MonPol meeting minutes are due within less than an hour. Later in the week, focus in Japan turns to Friday's Tokyo CPI, unemployment & retail sales.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

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.