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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.
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Free AccessUSD/JPY A Touch Lower Post Suzuki Remarks
USD/JPY is little changed in Friday trade, with liquidity lighter as many markets are shut for Good Friday. The pair was last in the 151.35/40 region, down slightly from earlier highs around 151.50. We are still comfortably within recent ranges.
- FInMin Suzuki has been on the news wires a short while ago, reiterating recent comments around FX markets.
- Again though there doesn't appear to be a step up in rhetoric compared to what has been said recently:
- Suzuki stated: "SEE SOME SPECULATIVE MOVES IN FX MARKET", "WON'T RULE OUT ANY OPTIONS AGAINST EXCESSIVE FX MOVES" (BBG), WATCHING SPEED OF FOREX MOVES, NOT LEVEL (RTRS).
- Earlier data showed Tokyo CPI close to expectations, headline at 2.6%, while core measures eased slightly further. The jobs market showed signs of slightly cooling.
- Retail sales were firmer than expected, +4.6% y/y (2.9% forecast), but IP fell by -3.4%y/y, versus -2.7% projected. Some suspension in auto production weighed on IP activity in the month.
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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.