Free Trial

Support Appears Exposed


Timeline of key events (Times BST)


Timeline of key events (Times BST)


Bearish Threat Remains Present


Through Last Week’s Highs

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 Access

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.
MNI London Bureau | +44 203-865-3806 |
MNI London Bureau | +44 203-865-3806 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.