Free Trial

USD/JPY dipping below 113.00, comes after the...>

YEN
YEN: USD/JPY dipping below 113.00, comes after the BoJ reduce long end purchases
under their YCC programme, there has been continued speculation around the
programme and the BoJ's desire to steepen the yield curve.
- The move seems counter-intutive, previously when the BoJ reduced purchases the
yen has weakened. MNI sources note that one theory is because the move is in the
long end holders are seeking different yen denominated assets rather than
parking cash overseas.
- USD/JPY last down 25 pips at 112.84, breaking yesterday's low of 112.88

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.