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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.
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Free AccessFocus in early Asia-Pac trade today turned....>
FOREX: Focus in early Asia-Pac trade today turned to the UK, as the House of
Commons held a final debate on the Cooper-Letwin Bill, which forces the gov't to
seek to avoid a no-deal Brexit. The bill was passed and immediately granted
royal assent, hence becoming law. Sterling ticked higher on the news, but has
remained range-bound nonetheless.
- JPY has topped the G10 pile into the Tokyo fix, although USD/JPY round tripped
from a high of Y111.58, as the Nikkei 225 had a look into positive territory.
The index's move stemmed from a surge in Sony shares, after RTRS sources said
that Third Point hedge fund "is raising a dedicated investment vehicle to target
$500mn-$1bn in capital, so it can buy more Sony shares." Also worth noting
Japanese Econ Min Motegi said U.S.-Japan trade talks will commence next week.
- Elsewhere, most G10 crosses are oscillating around unchanged levels.
- Today's economic docket is rather thin, with Norwegian GDP and Italian retail
sales due. Riksbank Dep Gov Ohlsson will speak, ahead of comments from Fed's
Quarles and Clarida, who will speak in the NY/Asia crossover.
To read the full story
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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.