MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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

PPI Weaker Than Expected, JGB 10yr Futures To Fresh Highs

JAPAN

Japan's May PPI printed weaker than expected, coming in at -0.7% m/m (forecast -0.2%), although Apr was revised slightly higher to 0.3%, versus 0.2% prior. The y/y pace came in at 5.1% y/y, versus 5.6% expected and 5.9% prior. Import prices were a noticeable drag at -9.6% y/y, while industry results were mixed. Manufacturing slightly negative in y/y terms.

  • Japan 10yr JGB futures have opened higher, last around session highs, currently 148.22 (+0.21). This is comfortably above Friday session highs. This is fresh multi week highs in the contract.
  • Ex BoJ Deputy Governor Wakatabe was on Bloomberg Tv and stated that he was unsure if the BoJ would change policy in July, but expected some sort of upward revision to the inflation profile.
  • USD/JPY has been relatively steady, last in the 139.35/40 region.
HomepageBulletMarketsFixed Income BulletsForeign Exchange BulletsBank of Japan (BOJ) Market News

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.