MNI China Press Digest Nov 27: Insurance, Tax, U.S. Trade

MNI: PBOC Net Drains CNY33.8 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1982 Weds; -1.45% Y/Y

MNI China Daily Summary: Tuesday, November 26

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

RBNZ SEES RISK OF MID-TERM INFLATION VOLATILITY

MNI: RBNZ CUTS OCR 50BP TO 4.25%

MNI: AUSTRALIA MONTHLY OCT CPI 0.1% MM, 2.3% YY

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Sticking To Familiar Ranges For Now

JPY

Yen finished slightly weaker for Tuesday's session, off by around 0.30% against the USD. USD/JPY tracked familiar ranges post the Asia close though. The pair was unable to breach the 132.50 level, while on the downside, moves towards 131.70 found support. We currently track around the 132.20 level.

  • The firmer tone to core yields, with US cash Tsys 3-9bps firmer across the curve, likely weighed on the yen at the margin. Correlations with yield spreads and the yen don't appear that strong though since the start of the year.
  • Elsewhere, China has stopped issuing visas for travelers from Japan. This follows a similar move against South Korea and is China's response to both countries placing restrictions on inbound arrivals from China.
  • The local data calendar just has the leading and coincident index prints for November, which print later. Neither release should shift market sentiment.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.