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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.
JPY
USD/JPY sits around session highs in the 132.60/65 region currently. After a volatile start, USD/JPY has found a firmer footing amid higher US yields, as risk appetite improves. The chart below overlays USD/JPY against the US 10yr government bond yield for the past month. Note the 50 day simple MA comes in at 132.55, so close to current spot levels. All the key EMAs sit above 134.00.
- Yen is the weakest performer with the G10 space, unwinding some of Friday's outperformance. AUDJPY is over 1% higher, last near 89.20/25. Dips below 88.00 have been supported in this pair.
- The BoJ summary of opinions from the March meeting expressed a variety of views but hasn't shed fresh light on the policy outlook.
Fig 1: USD/JPY & US 10yr Yield
Source: MNI - Market News/Bloomberg
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.
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