CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

FOREX: USDJPY Bounce Highlights Ongoing Sensitivity to US Data

FOREX
  • The all-around solid ISM services report has helped USDJPY extend its intra-day recovery, rising around 80 pips to a fresh session high above 144.00. Employment missed expectations slightly but importantly held onto most of July’s improvement, whilst prices paid and new orders both beat and were at their highest since May.
  • The data should clean up short-term positioning heading into tomorrow’s employment report and highlights the clear two-sided risks for the pair as market pricing remains torn between the Fed cutting by 25 or 50bps on Sep 18.
  • Short-term parameters appear well defined ahead of the event. On the downside, 142.85 and 141.70 provide support, while stronger US labour market dynamics should bolster the recovery towards the 20-day EMA at 146.20 and the week’s high at 147.21.
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.