MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

USD: Firmer Yields Play Out in USD Gains, USD/JPY in Focus

USD
BulletForeign Exchange Bullets
  • Firmer USD move playing out further headed into the NY crossover, with USD/CNH breaking above resistance at the weekly high to narrow in on 7.2572, the Apr30 high, while GBP/USD wholly reverses the move triggered by hotter-than-expected UK CPI.
  • In sympathy, USD/JPY gathers at new weekly highs and is facing key resistance at 156.74. Clearance here would resume the bounce and uptick off the post-intervention low and target the 157.00 handle (psychological handle and the 61.8% retracement of the intervention move).
  • No specific trigger or catalyst for the broader USD beyond a return higher for the US 10y yield, which crests at a new daily high of 4.457%.
106 words

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.
  • Firmer USD move playing out further headed into the NY crossover, with USD/CNH breaking above resistance at the weekly high to narrow in on 7.2572, the Apr30 high, while GBP/USD wholly reverses the move triggered by hotter-than-expected UK CPI.
  • In sympathy, USD/JPY gathers at new weekly highs and is facing key resistance at 156.74. Clearance here would resume the bounce and uptick off the post-intervention low and target the 157.00 handle (psychological handle and the 61.8% retracement of the intervention move).
  • No specific trigger or catalyst for the broader USD beyond a return higher for the US 10y yield, which crests at a new daily high of 4.457%.