Trial now
AUSSIE BONDS

Holding Lower

CHINA RATES

China Repo Rates Fall on Wednesday

BOJ

1- To 10-Year Rinban Conducted

CHINA PRESS

China Commodity Prices May Fall in H2: Yicai

DOLLAR-YEN
DOLLAR-YEN: Swings in wider risk appetite moved USD/JPY yesterday, with the
initial fall retraced later in the day amid a rebound in U.S. equity benchmarks,
led by bank shares. The rate finished 22 pips better off.
- USD/JPY holds steady at Y107.25. A break above May 11 high of Y107.77 would
bring Apr 16 & 17 highs of Y108.08 (key near-term resistance) into focus. Bears
look for a dip under May 11 low of Y106.40, towards May 6 & 7 lows of Y105.99.
- For those who missed it, PM Shinzo Abe said yesterday that the gov't will lift
a state of emergency in 39 prefectures ahead of schedule, while keeping it in
Tokyo and Osaka. He added that the gov't is working on a second extra budget,
which will include rent support and a boost to the furlough scheme.
- Japanese PPI hits the wires later today. Coming up next week we have flash GDP
(Monday), final industrial output (Tuesday), core machine orders (Wednesday),
trade balance & Jibun Bank M'fing PMI (Thursday), as well as CPI (Friday).
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com