MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

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

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: UK, GR Synd; DE Auction Wednesday

EZ/UK Bond Supply Calendar: UK, GR Synd; DE Auction Wednesday

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

Near-Term Support Remains Intact

JPY

USD/JPY slipped Tuesday, with the move driven by greenback sales in European hours. The pair descended onto support from May 7 low of Y108.34, but failed to take out that level and moved away from worst levels.

  • The Nikkei reported that Japanese Olympic athletes may get vaccinated against Covid-19 by the end of June. Elsewhere, Yomiuri said that Japan mulls additional $700mn commitment to the COVAX scheme.
  • Looking ahead, Thursday's BoP current account balance & Eco Watchers Survey headline the local docket during the remainder of this week.
  • The rate trades flat at Y108.64 as we type. A break under the aforementioned Y108.34 level would open up Apr 27 low of Y108.08. On the flip side, a jump above May 7 high of Y109.29 would shift focus to May 3 high of Y109.70.
BulletMarketsBank of Japan (BOJ) Market NewsForeign 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.