CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction 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 Either Side of Y132 as Risk Recovers

FOREX
  • JPY is backtracking against all others in G10, helping aide a solid bounce in USD/JPY to trade either side of Y132.00 at the NY crossover. The risk backdrop is generally improving, with US equity futures trending higher overnight and indicating a solid open on Wall Street later today. The underlying driver for equity strength remains the continued retrenchment of concerns over the global banking sector and a surge in equity prices in Asia, following a 10% rally in tech giant Alibaba shares as they outlined a restructure.
  • At the other end of the table, CHF is outperforming, reversing a large part of the Tuesday weakness to keep EUR/CHF well off any material test of parity. The 50-dma of 0.9926 remains first support, a level that continues to provide a solid anchor for prices.
  • The USD Index is slightly firmer, snapping back a small part of the week-to-date losses, although recent ranges are being largely respected.
  • The data calendar is relatively light going forward, with focus on the pending home sales release for February. The central bank speaker slate is busier, with Fed's Barr, BoE's Mann, BoC's Gravelle due during market hours, while ECB's Schnabel follows after the US close.
Energy BulletsCommodities
Energy BulletsCommodities

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.