FED'S SCHMID - WE STILL HAVEN'T BEAT INFLATION BACK TO 2%

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

MNI: FED BALANCE SHEET TOTAL ASSETS -$43B TO $6.924T IN WEEK

EZ/UK Bond Supply Calendar: UK Synd; EU-Bond Auction on Monday

US EIA:NAT GAS STORAGE -3 BCF TO 3,969 BCF NOV 15 WK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/JPY Off Earlier Highs As US yields Slip, Chunky A$ Option Expiry Later

FOREX

Earlier USD gains haven't been sustained, the BBDXY USD index ticking down to 1247.0. Overall moves remain modest though compared to volatility in the first part of this week.

  • USD/JPY is back towards 147.05/15 in recent dealings, against earlier highs of 147.82. Regional equity markets are green across the board, a typical yen headwind this week. However, US futures are around flat, while US yields are tracking lower, the front end off nearly 3bps for US Tsys (a yen support).
  • We are some distance from Thursday intra-session lows though at 145.44.
  • There doesn't appear a fresh catalyst for these yield moves. It only partially reverses gains seen in Thursday trade.
  • Elsewhere, NZD/USD has recouped earlier losses, is up near 0.6020 (lows for the session at 0.6002).
  • AUD is lagging, last near 0.6590. There is a chunky option expiry for NY cut later at 0.6600 (A$ 2.88bn, per BBG), so that may be impacting spot today.
  • Other G10 FX moves are very modest.
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.