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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.
JPY
When looking to contextualise the current level of weakness in the JPY we note that the REER, as outlined by Citi’s broad measure, has moved to all-time lows in recent days (based on records stretching back to the late 1980’s). Meanwhile, the move in trade weighted terms isn’t as historical, even with Japan’s reliance on energy and raw material imports weighing on the JPY. As a result, Deutsche Bank’s JPY TWI prints at the lowest level observed since ’15.
Fig.1: Citi JPY REER - Broad
Source: Citi/Bloomberg
Fig. 2: Deutsche Bank JPY TWI
Deutsche Bank/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
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