MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

USDJPY Extending Gains Above 139.00 Ahead Of FOMC Minutes

JPY
  • Overall greenback strength continues to prevail across currency markets, bolstered by the traditionally hawkish tone of Fed’s Waller. Despite AUD and NZD still being bottom of the G10 pile, Japanese yen weakness has been consistent over the course of the US session as we approach the release of the FOMC minutes at 1900BST/1400ET.
  • USDJPY has been steadily grinding higher, extending gains above yesterday’s highs around 138.90 and then the 139 handle. Bullish conditions remain intact and a fresh trend high on Wednesday reinforces the current theme.
  • Last week’s break of 137.77-91, the May 2 and Mar 8 high respectively, confirmed a resumption of the uptrend that started Jan 16, opening the next targets for the move which are 139.59, a Fibonacci retracement and eventually 140.62, the bull channel top drawn from the Jan 16 low.
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.