MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

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

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

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

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 Hits New Pullback Low, Despite Yields Holding Steady

JPY
  • USD/JPY resuming losses into the NY crossover after the initial sell-off paused somewhat over the past two hours or so. Move in the pair not coinciding with US yields as was the case earlier this morning, but we note an uptick in activity across JPY futures as US markets begin to open.
  • Cumulative volumes across JPY futures are close to 80% above average for this time of day after the sharp JPY rally earlier this morning and the break below the 50-dma of 149.44.
  • 148.81 undercuts as next support, the late October low, which could come into play should rate differentials work further in favour of USD weakness.
  • Speaker slate takes focus ahead, with several Fed/ECB/BoE reps on the docket (see our guide here: https://marketnews.com/friday-speaker-guide-frankf... )
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Homepagemarkets-real-timeBulletMarketsForeign 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.