Free Trial
MNI EXCLUSIVE

MNI Interview With Head Of UMichigan Consumer Survey

GBPUSD TECHS

Resistance Remains Exposed

COLOMBIA

BanRep Raise Lending Rate By 75BPs To 12.75%

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

USD/JPY Main G10 Mover On Tokyo Holiday

FOREX

The yen remained best G10 performer, amid fluctuating risk sentiment and post-FOMC musings, in thinner-liquidity environment due to a public holiday in Japan. The Fed's monetary policy decision sparked a volatile reaction in USD/JPY, with participants on constant intervention watch after officials repeatedly emphasised their round-the-clock FX monitoring policy.

  • Heightened geopolitical tensions in Asia may have increased the yen's safe-haven allure after North Korea test-launched a suspected ICBM, triggering the J-Alert warning system in three Japanese prefectures.
  • USD/JPY sales underpinned broader greenback weakness, with the BBDXY pulling back into negative territory and away from post-FOMC highs. Profit-taking may have facilitated the move, with the U.S. dollar paring gains registered on the back of higher terminal rate expectations articulated by Fed Chair Powell.
  • China's Caixin Services PMI printed below expectations (48.4 versus 49.0 consensus forecast), which comes on the heels of a beat in Caixin M'fing gauge earlier this week. Both remained in contractionary territory last month.
  • The central bank marathon continues, with the Bank of England and Norges Bank set to decide on rates. There is plenty of central bank rhetoric scheduled on top of that, particularly from a slew of ECB members, including President Lagarde.
  • Weekly jobless claims, trade balance, factory orders and final durable goods orders are due out of the U.S. today.
210 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The yen remained best G10 performer, amid fluctuating risk sentiment and post-FOMC musings, in thinner-liquidity environment due to a public holiday in Japan. The Fed's monetary policy decision sparked a volatile reaction in USD/JPY, with participants on constant intervention watch after officials repeatedly emphasised their round-the-clock FX monitoring policy.

  • Heightened geopolitical tensions in Asia may have increased the yen's safe-haven allure after North Korea test-launched a suspected ICBM, triggering the J-Alert warning system in three Japanese prefectures.
  • USD/JPY sales underpinned broader greenback weakness, with the BBDXY pulling back into negative territory and away from post-FOMC highs. Profit-taking may have facilitated the move, with the U.S. dollar paring gains registered on the back of higher terminal rate expectations articulated by Fed Chair Powell.
  • China's Caixin Services PMI printed below expectations (48.4 versus 49.0 consensus forecast), which comes on the heels of a beat in Caixin M'fing gauge earlier this week. Both remained in contractionary territory last month.
  • The central bank marathon continues, with the Bank of England and Norges Bank set to decide on rates. There is plenty of central bank rhetoric scheduled on top of that, particularly from a slew of ECB members, including President Lagarde.
  • Weekly jobless claims, trade balance, factory orders and final durable goods orders are due out of the U.S. today.