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/JPY Above 142.00, Suzuki Reiterates FX Should Move In A Stable Manner

JPY

USD/JPY has broken above 142.00. We currently track just below highs, last in the 142.10/15 region. This is fresh highs for the year and we are just below 142.25, the Nov 21 2022 high. A move above that level then targets 142.51, 61.8% of the Oct 16 2022 - Jan 16 bear leg.

  • Oct/Nov 2022 levels above 145.00 may beckon then.
  • Yen weakness is in line with the firmer US yield tone in the first part of trade today, with cash bond markets re-opening after the long weekend (yields are 4.1 to 5.7bps firmer across the curve).
  • Still, comments have crossed from FinMin Suzuki on FX markets. They are in line with recent rhetoric, with the Suzuki noting that the authorities are watching moves on a daily basis. This has helped USD/JPY move off session highs, albeit only modestly (the pair last 142.05/10).
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.