MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation 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 Makes Fresh Highs, More Spill Over Evident To USD/Asia Than G10

JPY

USD/JPY is making fresh highs as Japan markets re-open after the lunch time break. The pair is now back to 131.15/20 (+2.30% higher for the session). We are within striking distance of the 20-day EMA (131.66). Moves above this resistance point hasn't been sustained since we broke convincingly back below this support level in early November last year.

  • The rest of the G10 complex is seeing fairly muted trade. Most other pairs are weaker against the USD (ex NZD), but losses are modest at this stage.
  • In the USD/Asia space, USD/CNH saw resistance around the 6.7900 level, but isn't too far away from these highs currently. 1 month USD/KRW is back to 1244/45, +0.65% higher. Most other pairs are also higher, although THB, PHP and IDR are outperforming on a relative value basis.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.