MNI: RIKSBANK LEAVES KEY RATE UNCHANGED AT 3.75%

MNI BRIEF: China To Hold Key Third Plenum On July 15-18

MNI Brief: China Third Plenum To Deepen Reforms

MNI: PBOC Net Injects CNY80 Bln Via OMO Thurs; Rates Unchanged

CHINA PBOC CONDUCTS CNY100 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Higher At 7.1270 Thurs; -0.78% Y/Y

External Demand An Upside Risk to Riksbank Rate Path

BOE Financial Stability Report due at 10:30BST

Modest SEK Weakening Post Riksbank; High Chance Of August Cut

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

USD/JPY climbed 25 pips overnight and....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY climbed 25 pips overnight and last trades at Y107.45. "Less
dovish" Fedspeak rhetoric from the Fed supported the greenback, while JPY failed
to benefit from the Nikkei 225's decline.
- An earlier breach of the 100-HMA at Y107.34 shifts bullish focus to Y107.50,
which has been tested several times over the last couple of hours. Above opens
the cloud Tenkan Sen at Y107.75. Bears look for a pullback below the 100-HMA
before challenging the psychological Y107.00 barrier.
- MNI understands that the BoJ may extend the duration of its forward guidance
to the autumn or even the end of 2020, if Japanese economy slows (see MNI Main
Wire at 23:30 BST 06/25 for the full piece).
- Worth noting there are large option expiries with strikes at Y107.00, Y107.30,
Y107.50 and Y108.00-10 scheduled for the NY 10:00ET cut.
- Japanese highlights in terms of remaining data releases this week include
retail sales due tomorrow, as well as industrial output, unemployment and Tokyo
CPI hit on Friday. BoJ's Wakatabe speaks tomorrow, while the summary of opinions
from the latest BoJ MonPol meetings comes out on Friday.
MarketsForeign Exchange Bullets
MarketsForeign Exchange Bullets

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.