DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

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

JPY garnering support on all fronts - The.....>

FOREX
FOREX: JPY garnering support on all fronts
- The BoJ stood pat on policy, but tweaked language around its forward guidance
(as anticipated in an earlier Nikkei report) & now promises to keep rates low
"as long as it is necessary." JPY initially failed to respond, but began to
gather steam alongside the European open, getting a helping hand from reports
suggesting that China are said to doubt a long-term trade deal is possible with
Trump, and will refuse to budge on major structural reforms. This pressured
USD/JPY through the Y108.50 mark ahead of the NY crossover.
- In South Korea, a beat in industrial output, the largest fall in chip
inventories in two years, and a strong Samsung earnings report put a bid into
KRW, rendering it the best performer in Asian FX space. Augmented by USD
weakness, these factors dragged USD/KRW to fresh multi-month lows.
- GBP trades well as MPs head into their final days in the Commons before
parliamentary business concludes and election campaigns begin.
- EZ & Canadian GDPs, EZ CPI, US personal income/spending & MNI Chicago PMI are
due. ECB's de Guindos also set to speak.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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.