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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.
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Free AccessUSD Recovery Continues, BoJ Speak, Aust CPI Up Soon
Early G10 FX trends are skewed towards a firmer USD, albeit modestly at this stage. The BBDXY USD index sits just above 1250 in recent dealings.
- USD/JPY has pushed above late Tuesday highs from NY trade, the pair last close to 157.30/35. May 1 highs at 157.99 are likely to be an upside focus point.
- US yields are down a touch in early dealings but maintain the bulk of Tuesday's gains. Yen sensitivity to US yield moves remains evident. Differentials are skewed back in favor of the dollar.
- For USD/JPY we have BoJ board member Adachi's speech in Kumamoto coming up a little later. This afternoon consumer sentiment prints.
- AUD/USD is under 0.6650, slightly off NY closing levels, while NZD is around 0.6140.
- We have May ANZ business confidence/activity figures in just under an hour. Greater focus will rest on the Aust monthly CPI print for April though. The market expects a 3.4% y/y outcome (prior was 3.5%). Also out is Q1 construction work done (market forecast is 0.5%q/q, prior was 0.7%).
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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.