MNI BRIEF: China 2024 Oil Imports Down 1.9%

MNI: PBOC Sets Yuan Parity Lower At 7.1885 Mon; -2.21% Y/Y

MNI BRIEF: PBOC To Raise Key Parameter For Shoring Up Yuan

CHINA DEC EXPORTS +10.7% Y/Y VS MEDIAN +7.4% Y/Y: CUSTOMS

MNI: PBOC Net Injects CNY10.7 Bln via OMO Monday

MNI China Daily Summary: Friday, January 10

CHINA 2024 EXPORTS +7.1% IN YUAN TERM: CUSTOMS

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

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

FOREX: Yen Outperformance Continues, AU CPI Shortly

FOREX
BulletMarketsFixed Income BulletsForeign Exchange Bullets

Early USD trends are skewed modestly lower in the G10 space. The BBDXY index last under 1287. Yen is marginally outperforming, up a little over 0.15%. This puts the pair near 152.80/85, which is fresh lows back to Nov 11. It continues the recent outperformance from the yen. 

  • Carry over momentum may be aiding the yen from Tuesday trade, while renewed focus is on the BoJ outlook in the aftermath of the services PPI rising firmly yesterday and PM Ishiba pushing for further wage gains.
  • Coming up shortly we have AU monthly Oct CPI. AUD/USD is little changed in latest dealings, last near 0.6470.
  • Later on we have the RBNZ decision, where a 50bps cut is expected. NZD/USD was last near 0.5835/40. 
  • In the cross asset space, US equity futures are close to flat, while US yields are down a touch. 
140 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.

Early USD trends are skewed modestly lower in the G10 space. The BBDXY index last under 1287. Yen is marginally outperforming, up a little over 0.15%. This puts the pair near 152.80/85, which is fresh lows back to Nov 11. It continues the recent outperformance from the yen. 

  • Carry over momentum may be aiding the yen from Tuesday trade, while renewed focus is on the BoJ outlook in the aftermath of the services PPI rising firmly yesterday and PM Ishiba pushing for further wage gains.
  • Coming up shortly we have AU monthly Oct CPI. AUD/USD is little changed in latest dealings, last near 0.6470.
  • Later on we have the RBNZ decision, where a 50bps cut is expected. NZD/USD was last near 0.5835/40. 
  • In the cross asset space, US equity futures are close to flat, while US yields are down a touch.