FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Sterling Slips, USD/JPY Heavy Near Y145

FOREX

Spot USD/JPY had a brief look below the Y145.00 as yesterday's breach of that figure puts the market on intervention watch (we may hear officials try to jawbone the yen away from these levels). The move below the aforementioned threshold was short-lived, but the pair remains heavy, testing Y145.00 again as we type. Limited headline flow keeps most G10 crosses in tight ranges.

  • The sterling remains fragile, lagging its major peers at the margin. The GBP is weighed on by the UK gov't's controversial fiscal plans and looming expiry of the BoE's gilt market backstop.
  • Financial markets in mainland China remain shut due to a public holiday, but will re-open on Monday.
  • The U.S. NFP report provides the single focal point on Friday, after initial jobless claims rose more than forecast in the week through Oct 1.
  • German industrial output and Canadian unemployment will also cross the wires today. Fed's Williams, Kashkari & Bostic will speak, as will BoE's Ramsden.
Energy BulletsCommodities
Energy BulletsCommodities

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.