BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

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

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

Muted Asian Session Across G-10

FOREX

It has been a muted Asian session across G-10 FX on Wednesday, ranges have been narrow for the most part with little follow through on moves. Cross asset wise; US Tsy Yields are a touch lower as is BBDXY.

  • The Yen has continued to trim some of yesterday's post BOJ losses however USD/JPY remains well within recent ranges. The pair sits ~0.2% lower today last printing at ¥143.50/55 as the downtick in US Tsy Yields adds a level of support for the Yen. Resistance is at ¥145.26 76.4% retracement of the Dec 11 - 14 sell-off. Support comes in at ¥142.25 Dec 19 low.
  • AUD/USD is ~0.1% firmer and is testing Tuesday's session highs. The uptrend in AUDUSD remains intact, bulls target break of resistance at the $0.6800 handle and $0.6821, the Jul 27 high.
  • Kiwi is also a touch firmer, NZD/USD has broken Tuesday's high and has continued to tick higher albeit in a narrow range. Bulls focus on the $0.63 handle.
  • There are no other moves of note in the space.
  • UK CPI provides the highlight of today's European session.
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.