MNI: PBOC Net Drains CNY111.2 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1307 Weds; +2.41% Y/Y

CHINA PBOC CONDUCTS CNY258 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1307 WEDS VS 7.1325

China Repo Rates Rise On Tuesday

MNI: PBOC Net Drains CNY236.6 Bln via OMO Tuesday

UK Public Sector Finance Due at 7:00 BST

August Exports On Solid Footing,  Country Detail Shows Double Digit Y/Y Pace

MNI: JAPAN JULY EXPORTS +10.3% Y/Y; JUNE +5.4%

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

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

Risk Aversion Lends Support To Yen

JPY

The yen benefitted from broader risk aversion on Thursday, which was the second consecutive bearish inside day for USD/JPY. The rate held most of the losses registered in Tokyo hours as global equity markets struggled amid hawkish Fed musings.

  • USD/JPY last trades at Y115.87, little changed on the day. Bears see Jan 4 low of Y115.29 as their initial target and a break here would open up the 20-EMA at Y114.92. Bulls look for a jump above Jan 4 high of Y116.35 would expose the 2.00 proj of Apr 23 - Jul 2 - Aug 4 price swing at Y117.08.
  • A raft of Japanese data just came out. December Tokyo CPI fell in line with expectations, but nationwide wage data for the month of November missed forecasts.
  • Next week's highlights include BoP current account balance & Eco Watchers Survey (Wednesday) as well as flash machine tool orders (Thursday) and PPI (Friday).
  • As a reminder, Japanese markets will be shut on Monday, as the country observes a national holiday.
HomepageBank of Japan (BOJ) Market NewsBulletMarketsForeign 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.