Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

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.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.