MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

RBNZ MPC SAYS OCR "HAS SIGNIFICANTLY REDUCED CPI"

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

ITALY MAY INDUSTRIAL PRODUCTION +0.5% M/M ; -3.3% WDA Y/Y

Contrasting Momentum Dynamics Underscore Need For July Data

Services Drive Downside Surprise in CPI-ATE

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Grinds Lower

DOLLAR-YEN

USD/JPY ground lower yesterday, as safe havens JPY & CHF were in high demand, despite a move higher in U.S. equity benchmarks.

  • Asahi reported that the Japanese government considers extending limits on event sizes until the end of September.
  • Meanwhile, NHK reported that the government is planning to relax existing re-entry restrictions.
  • USD/JPY has shed 6 pips so far, last sits at Y105.74. A fall through Aug 19 low of Y105.10 is needed to clear the way to the 76.4% retracement of the Jul 31 - Aug 13 rally at Y104.86. Bulls look for a jump above Aug 20 high of Y106.22, towards Aug 17 high of Y106.68.
  • Eyes are on Japanese CPI & flash Jibun Bank PMIs today.
  • Looking further afield, final machine tool orders come out next Thursday & Tokyo CPI is due next Friday.
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.