MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

Japan Jun Core CPI +2.6% Y/Y; Energy Price Up

MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Lingering Caution Keeps Yen Afloat

FOREX

The yen went bid into the Tokyo fix, as broader coronavirus worry weighed on U.S. e-minis and Asia-Pac equity benchmarks. The defensive feel lent support to the greenback, but the DXY struggled to take out yesterday's high.

  • Selling pressure hit AUD as Australia locked down Brisbane, the fourth regional capital to be placed under Covid-19 restrictions. A softer commodity complex provided another headwind for the Aussie, while also wounding the NOK.
  • NZD slipped around the time when the RBNZ released their Statement of Intent, even as the document contained little to rock the boat. RBNZ Gov Orr suggested policy settings could normalise over the medium term, provided that the global recovery is sustained.
  • The PBOC set its central USD/CNY mid-point at CNY6.4567, just 3 pips below sell-side estimate. Spot USD/CNH blipped higher on the back of general risk aversion.
  • Flash German CPI, EZ confidence gauges as well as comments from Fed's Barkin, BoE's Hauser and ECB's Lagarde, Villeroy & Weidmann take focus today.
Energy BulletsCommodities
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.