Free Trial

JPY Crosses Blip Lower

JPY

JPY firms a little, with Tokyo fix-related flows, Japanese Finance Minister Suzuki reiterating the need for vigilance when it comes to monitoring the FX rate/presenting some indecision wen it came to the net impact of the recent JPY weakness and a more guarded tone from BoJ Governor Kuroda re: JPY weakness, with a particular focus on the speed of moves and impact that such moves can have on different sectors of the economy (although he did ultimately reaffirm the overall net positive impact of a weaker JPY on the Japanese economy, noting that it is still “basically positive overall”), combining to push USD/JPY to session lows of Y126.25, before the cross rebounded to deal little changed around Y126.45.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.