MNI BRIEF: China Electricity Growth Expected At 6% In 2025

MNI: UK JAN FLASH MANUF PMI 48.2 (FCST: 47.0); DEC 47.0

MNI: EUROZONE JAN FLASH MANUF PMI 46.1 (FCST: 45.4); DEC 45.1

MNI:PBOC Net Drains CNY795Bn Via MLF; Injects CNY179Bn Repo

MNI: PBOC Sets Yuan Parity Lower At 7.1705 Fri; -1.62% Y/Y

MNI CBRT WATCH: Turkey CenBank Cuts 1W Repo 250Bps As Expected

MNI: GERMANY JAN FLASH MANUF PMI 44.1 (FCST: 42.7); DEC 42.5

MNI: FRANCE JAN FLASH MANUF PMI 45.3 (FCST: 42.5); DEC 41.9

MNI: SPAIN DEC PPI 0.9% M/M, 2.3% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JPY: USDJPY breaches 155.00 then quickly, sharply rebounds

JPY
BulletMarketsFixed Income BulletsForeign Exchange Bullets
  • USDJPY breaches 155.00 as headlines come in from BOJ's Ueda press conference following the 25bp hike earlier today to 0.50%. A low of 154.846 recorded. Ueda notes that further hikes are likely if the outlook is realised. However a later headline states that there is "no preconception of rate hikes" which see USDJPY spike back to 155.693.
  • Our technical analyst notes that the 50-day EMA was just above 155.00, while 154.64, is a trendline drawn from the Sep 16 '24 high. A break sub these levels is likely to signify a deeper correction in the pair. The next major support is at 153.76, the 50% retracement of the Dec 3 - Jan 10 bull leg.
114 words

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.
  • USDJPY breaches 155.00 as headlines come in from BOJ's Ueda press conference following the 25bp hike earlier today to 0.50%. A low of 154.846 recorded. Ueda notes that further hikes are likely if the outlook is realised. However a later headline states that there is "no preconception of rate hikes" which see USDJPY spike back to 155.693.
  • Our technical analyst notes that the 50-day EMA was just above 155.00, while 154.64, is a trendline drawn from the Sep 16 '24 high. A break sub these levels is likely to signify a deeper correction in the pair. The next major support is at 153.76, the 50% retracement of the Dec 3 - Jan 10 bull leg.