Free Trial

The USD posted gains in early Asia-Pacific....>

FOREX: The USD posted gains in early Asia-Pacific dealing, before softening as
the JPY led the way overnight.
- BoJ Gov. Kuroda noted that the Bank was not considering a comprehensive
assessment of its monetary policy at present, although he did stress that the
Bank needs to continue with its monetary easing in a persistent manner. USDJPY
moved to session lows around 106.50 after Kuroda's comments, following a foray
above 107.00 in the earlier part of the session.
- GBPUSD briefly topped 1.40 at the start of a risk-heavy week for GBP. In terms
of weekend developments, BoE dove Ramsden sounded more upbeat on wage growth,
while Labour leader Jeremy Corbyn is set to reveal a preference for remaining in
the European customs union later today, opening up the possibility of a cross
party partnership which could undermine PM May. It is also worth noting GBPUSD
has a lumpy 2.3bln worth of option expiries rolling off at 1.40 at today's NY
- Elsewhere AUD, NZD, CAD & EUR followed the USD's gyrations.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.