MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

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

Risk Recovery Prompts Yen To Unwind Initial Gains

JPY

USD/JPY retreated at the start to the week as focus turned to China's crackdown on the education sector as well as tense atmosphere at the latest Sino-U.S. summit. The rate recovered from worst levels, as risk sentiment turned positive later in the day, but failed to claw back all of its earlier losses.

  • Olympic organisers reported 16 further Covid-19 cases on Monday, taking the total caseload related to the Games to 148. Daily cases in Tokyo reached 1,429, which represented a twofold increase from a week before.
  • On the data front, focus in Japan turns to unemployment, retail sales & flash industrial output, all due Friday. Elsewhere, BoJ Gov Kuroda will speak at the Japan Correspondents Club today.
  • The pair trades flat at Y110.38 as we type. Bears look for a fall through Jul 21 low of Y109.80, which would clear the way to Jul 19 low of Y109.07. On the flip side, a rally above Jul 23 high of Y110.59 would allow bulls to set their sights on Jul 14 high of Y110.70.
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.