MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI: GERMANY NOV UE RATE (SA) 6.1% (FCST 6.1%); OCT 6.1%

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: ITALY NOV FLASH HICP +0% M/M, +1.6% Y/Y

MNI: EUROZONE NOV FLASH HICP +2.3% Y/Y

MNI: UK OCT M4 MONEY SUPPLY -0.1% M/M, +3% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

FOREX: Higher US Yields Assist Greenback Recovery, USDJPY Above 146.00

FOREX
  • The USD index extended its most recent bounce on Friday, with higher yields in the US assisting the more positive greenback sentiment. U.S. data weighed on global core FI once again, with PCE inflation in line but consumer spending strong and MNI Chicago PMI surprising to the upside.
  • The movement in yields has notably weighed on the Japanese Yen, with USDJPY gradually moving higher throughout the session and retaking the 146 handle. Session gains total 0.85% and the pair looks set to secure a close above the 100-week moving average of 144.62.
  • A positive weekly close this week is only the second since late June, but may signal a consolidative phase, rather than any firm bounce while prices continue to trade below the Aug 15 high and the 20-day EMA - key upside levels for USDJPY.
  • An accompanying, albeit brief, bout of risk off in equities weighed on the likes of AUD and NZD, while EURUSD continued the weakness seen across much of Wednesday and Thursday. Although this week’s move lower in EURUSD appears corrective and a bullish theme remains intact, the pair is hovering in close proximity of short-term support at 1.1047, the 20-day EMA.
  • In similar vein, GBPUSD has moved 0.4% lower on Friday, and is set to close lower on the week, after printing at the highest level since March 2022 earlier in the week. Overall, a bullish theme remains in place and the latest shallow pullback is considered corrective. Firm support is not seen until 1.3019, the 20-day EMA.
  • Final Eurozone PMIs will cross on Monday with volumes expected to be light owing to the US Labour Day holiday.
EM BulletBulletMarketsFixed Income BulletsForeign 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.