Free Trial

FOREX: Greenback Follows Yields Lower as PPI Adds to Soft Inflation Picture

FOREX
  • Lower US yields in response to the PPI miss work against the USD, pressing USD/JPY toward overnight lows at 156.59. Nonetheless, markets are still comfortably off the post-CPI, pre-Fed lows printed yesterday at 155.72. 
  • Decent volume surge on today's PPI print, interestingly matching the activity seen in the 60 seconds following CPI, despite the more moderate move in spot (JPY futures see 5,100 contracts trade vs. 4,900 on CPI yesterday). 
70 words

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.
  • Lower US yields in response to the PPI miss work against the USD, pressing USD/JPY toward overnight lows at 156.59. Nonetheless, markets are still comfortably off the post-CPI, pre-Fed lows printed yesterday at 155.72. 
  • Decent volume surge on today's PPI print, interestingly matching the activity seen in the 60 seconds following CPI, despite the more moderate move in spot (JPY futures see 5,100 contracts trade vs. 4,900 on CPI yesterday).