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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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Free AccessPolitical Headlines, Covid Developments Under Scrutiny, Data Deluge Eyed
Firmer U.S. Tsy yields pushed USD/JPY higher Tuesday amid broad-based greenback strength. The rate last sits at Y110.30, just shy of yesterday's high, with bulls looking to a move through Sep 1/Aug 13 highs of Y110.42/46, which would open up Aug 11/Jul 7 highs of Y110.80/82. Conversely, bears need a fall through Aug 24 low of Y109.41 before targeting Aug 16 low of Y109.11.
- LDP leadership race remains in the spotlight, albeit the latest headline flow surrounding the matter included little in the way of market moving updates. It is worth noting that Japan reportedly considers calling a parliamentary session for Oct 4 to choose the next Premier.
- Asahi reported that Japan is preparing to extend emergency declarations in areas including Tokyo through the end of the month, the decision could be announced on Thursday. According to Yomiuri, Japan looks to gradually ease restrictions from Oct.
- Japan's data docket is tightly packed today, with final Q2 GDP, Jul BoP current account balance and Aug Eco Watchers Survey all due.
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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.