CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Remains Heavy

DOLLAR-YEN

USD/JPY ebbed lower yesterday, as broader greenback sales applied pressure to the pair. It extended its losing streak to three consecutive days, probing the water below Aug 6 trough at Y105.30.

  • Japan's coronavirus situation remains closely watched, with officials concerned about upticks in serious cases in Tokyo and Osaka.
  • Former BoJ member Kazuo Momma told BBG that the BoJ should show more flexibility in ETF purchases or consider skipping them now.
  • USD/JPY trades at Y105.35, a touch below neutral levels. A move through the lower 1.0% 10-DMA envelope at Y105.05 would clear the way to the 76.4% retracement of the Jul 31 - Aug 13 rally at Y104.86. Bulls look for a rebound above Aug 17 high of Y106.68 would draw attention to Aug 13 high of Y107.05.
  • Japanese trade balance and core machine orders are due shortly. National CPI and flash Jibun Bank PMIs will be published on Friday.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign 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.