MNI BRIEF: PBOC To Watch CNY Moves Closely - Vice Governor Zhu

MNI BRIEF: BOJ Urges Bank Vigilance Against Tail Risks

MNI BRIEF: China Aims To Digitalise 70% Of Firms By 2025

MNI BRIEF: Q1 Cross Border Activity Up 117.8% - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -5.02% Y/Y

Q1 Industry Survey Suggests H1 Growth Tailwind

Indonesian Sov Curve Flattens, Barclays See BI Cutting Next Week

Australia Mar Unemployment Rate 3.8%

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Mood Music Turns Cautious Aiding Yen

FOREX

Risk-off flows are taking hold in G10 FX space as a negative lead from Europe & U.S. stock markets has created a drag on Asia-Pac equity benchmarks. Resurfacing COVID-19 concerns are providing another headwind for risk after Shanghai expanded its partial lockdown to seven districts, while case tallies edged higher in both Shanghai and Beijing.

  • The yen has regained poise amid broader aversion to take risk, overbought technical conditions in USD/JPY may be supporting its slide. That being said, yesterday's worst levels remain some way off.
  • The Aussie dollar is pacing losses in the G10 basket. AUD/USD trades through yesterday's low, while AUD/NZD extends its pullback from a fresh cycle high printed on Thursday. Retreating AUD/JPY tested the Y95.00 figure but has struggled to make any headway beyond there.
  • Inflation data out of the world's two largest economies headline the economic docket today. Also on tap are flash U.S. Uni. of Mich. Sentiment & Canadian unemployment as well as comments from ECB's Villeroy, Holzmann & Nagel.
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.