FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 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.