Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

USD Gains, JPY Tumbles On BoJ Policy Divergence

FOREX

The greenback sits atop the G10 FX pile at the start of a new trading week.

  • JPY has tumbled to the bottom of the same rankings on the back of the previously outlined enforcement of the top end of the BoJ’s permitted 10-Year JGB yield trading band, lending further support to the greenback as USD/JPY surges to fresh multi-year highs on continued BoJ policy divergence vs. DM central bank peers.
  • Elsewhere, there is a bit of defensive tone (pullback in oil markets & pressure on Chinese equities amid a two-stage lockdown in the Chinese city of Shanghai is garnering most of the attention on the headline front), while regional reaction to Friday’s uptick in U.S. Tsy yields is also underpinning the wider USD.
  • The likes of the NOK & CAD are struggling with lower oil prices.
  • The Asia-Pac docket is virtually non-existent on Monday, leaving headlines front & centre.
  • Looking ahead, Monday’s focus will fall on central bank speak from ECB’s Rehn & BoE Governor Bailey, with lower tier economic data due from across the globe. Elsewhere, the latest Russia-Ukraine summit in Turkey will garner interest, although there is little in the way of expectations re: a meaningful breakthrough between the two nations.
203 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The greenback sits atop the G10 FX pile at the start of a new trading week.

  • JPY has tumbled to the bottom of the same rankings on the back of the previously outlined enforcement of the top end of the BoJ’s permitted 10-Year JGB yield trading band, lending further support to the greenback as USD/JPY surges to fresh multi-year highs on continued BoJ policy divergence vs. DM central bank peers.
  • Elsewhere, there is a bit of defensive tone (pullback in oil markets & pressure on Chinese equities amid a two-stage lockdown in the Chinese city of Shanghai is garnering most of the attention on the headline front), while regional reaction to Friday’s uptick in U.S. Tsy yields is also underpinning the wider USD.
  • The likes of the NOK & CAD are struggling with lower oil prices.
  • The Asia-Pac docket is virtually non-existent on Monday, leaving headlines front & centre.
  • Looking ahead, Monday’s focus will fall on central bank speak from ECB’s Rehn & BoE Governor Bailey, with lower tier economic data due from across the globe. Elsewhere, the latest Russia-Ukraine summit in Turkey will garner interest, although there is little in the way of expectations re: a meaningful breakthrough between the two nations.