MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI BRIEF: Size Of June Cut Still Undecided -BCB's Campos Neto

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Japanese Markets Reopen, CPI Report Takes Focus

JPY

Japanese markets reopen after a holiday with JPY licking its wounds after a weak showing Thursday. The yen went offered across the board as risk roared back to life amid receding concerns over the Evergrande situation and some positive musings surrounding the Fed's assessment of economy.

  • Japan's national CPI figures will hit the wires at the bottom of the hour, with flash readings of Jibun Bank PMIs due later today. Bloomberg consensus forecast looks for an unchanged (negative) pace of headline inflation and a flat reading of core CPI.
  • Next week, focus turns to retail sales, flash industrial output & comments from BoJ Gov Kuroda (Thursday) as well as unemployment, BoJ Tankan survey & the summary of opinions from the BoJ's latest MonPol meeting (Friday).
  • Yomiuri reported that the gov't will increase the amount of cheap loans for developing nations hit by Covid-19 pandemic by Y200bn to Y700bn, with PM Suga set to announce the decision at the Quad meeting in Washington DC.
  • USD/JPY changes hands at Y110.29, just shy of neutral levels. The high prints of Sep 8/Aug 13 at Y110.45/46 draw bullish attention and a break here would shift focus to Aug 11/Jul 7 highs of Y110.80/82. Meanwhile, a retreat under Aug 16 & Sep 15 lows of Y109.11 would bring Aug 4 low of Y108.72 into view.
HomepageBank of Japan (BOJ) Market NewsBulletMarketsForeign 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.