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A Touch Firmer In Asia


PREVIEW:‌ 20-Year Supply Due


Modest Rally, 20-Year Supply Eyed


Bank Indonesia Eyed

DOLLAR-YEN: Improving risk appetite pushed USD/JPY higher on Thursday, with the
pair testing the psychological Y110.00 barrier. Participants seemingly turned
more optimistic re: prospects for containing the coronavirus & its economic
toll. Furthermore, China unveiled plans to reduce additional tariffs on some
U.S. imports. A stronger greenback helped the rate sustain gains.
- PM Abe told MPs that there are no plans to postpone the Tokyo 2020 Olympics
despite the coronavirus situation. 
- The rate last trades at Y109.98, virtually unchanged on the day. A firm push
above the Y110.00 mark would open up the Jan 17 high of Y110.29. Bears look for
a pullback towards the 50-DMA at Y109.24.
- Earnings/spending data provide today's highlight. Next week, the focus turns
to BoP data & Eco Watchers Survey (Monday), flash machine tool orders
(Wednesday) & PPI (Thursday). BoJ Dep Gov Amamiya speaks on Friday.
MNI London Bureau | +44 203-865-3806 |
MNI London Bureau | +44 203-865-3806 |