CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

USDJPY Breaches 143.00, Extends Intra-Day Advance To +1.7%

JPY
  • USDJPY has briefly printed a fresh high of 143.07, extending the day’s gains to 1.7% and rising close to 300 pips off the day's lows as surging core yields continue to weigh on the Yen.
  • Japanese authorities continue to let markets know they are watching the FX market and are vigilant, however, the language remains consistent with messaging over the past months and appears ineffective in its current form.
  • Price action has been bolstered by today's firmer US ISM Services PMI and it is worth noting there are very few notable US data points before next Tuesday’s CPI release.
  • Last week’s break higher for the pair confirmed a resumption of the primary uptrend and this week’s climb reinforces current bullish technical conditions. Sights are on the following targets next:
    • RES 1: 143.30 -- 2.23 projection of the Aug 2 - 8 - 11 price swing
    • RES 2: 144.00 -- Round number resistance
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.