RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI: Japan Dai-ichi Life To Up 30-Year JGBs Above 2%

MNI BRIEF: Policy Move Eyed If Inflation Meets 2% - BOJ's Ueda

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

EZ/UK T-Bill Calendar: Greece, Italy Auction on Wednesday

April PMIs: Price Pressures Amid Stronger But Uneven Growth

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/JPY Clings On To Tuesday's Gains

DOLLAR-YEN

USD/JPY rallied yesterday, as the greenback drew support from a jump in U.S. Tsy yields, while broader sentiment was bolstered by U.S. Pres Trump's talk of potential tax cuts & Russia's announcement of the registration of the world's first
coronavirus vaccine. The rate took out resistance from Aug 3 high of Y106.47.

  • Japan PM Abe's approval rating continues to slide, with the latest NHK poll putting it at 34%, a record low. Disapproval rose to 47%.
  • In local press, Yomiuri reported that Japan will join the international Covid-19 vaccine buying framework. Separately, it ran a report noting that Japan wants to export defence equipment to India and elsewhere.
  • The rate sits at Y106.51, little changed on the day. Bulls keep an eye on the upper 1.0% 10-DMA envelope/Jul 24 high at Y106.88/90. Bears need a fall through Aug 5 low of Y105.32 before taking aim at Jul 31 low of Y104.19.
  • Japan reports flash machine tool orders today, PPI comes out on Thursday.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign 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.