- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessJapan's Economy Contracts More Than Expected
For the most part, USD/JPY operated in positive territory on Tuesday, as the risk environment improved on the back of signs of further policy easing out of China and partial dissipation of Omicron fear.
- The final reading of Japan's Q3 annualised GDP was revised lower to -3.6% Q/Q from -3.0%, indicating a deeper than expected economic contraction.
- A former senior BoJ official responsible for pandemic response told BBG that "a partial extension [of emergency Covid-19 aid] is possible," albeit its scope will likely be narrowed.
- Japan's Eco Watchers Survey takes focus today, while BSI Survey will be published on Thursday.
- USD/JPY has shed 8 pips so far and last trades at Y113.52, with bears looking for a slide through Nov 30 low of Y112.53 towards Sep 30 high of Y112.08, a recent breakout level. Bulls look to a clearance of Nov 29 high of Y113.96 before taking aim at Nov 24 high of Y115.52.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
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.