CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JPY Meanders Ahead Of Japanese Holiday

DOLLAR-YEN

USD/JPY wavered yesterday, closing just slightly below neutral levels. Participants weighed familiar risk factors, but there was little to push the rate firmly in either direction.

  • The pair last deals at Y105.53, little changed on the day. A fall through yesterday's low of Y105.30 would shift bearish focus to Jul 31 low of Y104.19. Bulls look to take out Aug 3 high/upper 1.0% 10-DMA envelope at Y106.47/48, which would bring Jul 24 high of Y106.90 into play.
  • Japanese earnings/spending data will be out today.
  • Next week's highlights in Japan include BoP current a/c balance & Eco Watchers Survey (Tuesday), flash machine tool orders (Wednesday) and PPI (Thursday).
  • As a reminder, Japan observes a public holiday on Monday.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign 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.