MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

GBP: Strong Close for GBP/JPY Today Would Mark Bullish Range Breakout

GBP
CEEMEABulletUKGlobalForeign Exchange BulletsRegionMarkets
  • Solid UK retail sales data and persistent JPY underperformance has tipped GBP/JPY to briefly show above the late September highs and touch the best levels since end-July this morning.
  • Further strength here would mark a bullish break and a range breakout for the cross - particularly notable given the more dovish backdrop for BoE OIS pricing since the inflation print this week.
  • A break and close above 195.97 would mark a bullish weekly close, opening 197.42 initially ahead of 199.47 resistance further out.
81 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.
  • Solid UK retail sales data and persistent JPY underperformance has tipped GBP/JPY to briefly show above the late September highs and touch the best levels since end-July this morning.
  • Further strength here would mark a bullish break and a range breakout for the cross - particularly notable given the more dovish backdrop for BoE OIS pricing since the inflation print this week.
  • A break and close above 195.97 would mark a bullish weekly close, opening 197.42 initially ahead of 199.47 resistance further out.