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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessSafe Havens Outperform Amid Equity Slump
Safe havens are outperforming as Friday FX trading unfolds. We are seeing sharp losses in the equity space. The MSCI Asia Pac index is down 2% at this stage. Japan markets were very week, now 10% off July highs for the Topix. For the day the Topix has fallen 5%. Strong losses are also evident elsewhere.
- Yen and CHF are the only G10 currencies up against the USD. CHF gains are around 0.1%, while the yen remains up around 0.10% firmer, hovering near 149.20. At this stage the pair has seen some support sub 149.00.
- The yen is is up around 0.35% versus AUD and NZD though. Both these currencies are down around 0.20% against the USD.
- AUD/JPY is at fresh lows sub 97.00, levels last seen in Feb this year. NZD/JPY is near 88.55.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.