Free Trial

Vaccine Talk Takes Focus

JPY

USD/JPY holds a tight range, even as a mild risk-off feel has crept into the G10 FX space. The rate last sits at Y108.78, little changed on the day.

  • Tokyo Gov Koike asked officials to consider declaring a state of emergency in the capital "with a sense of speed," as the spread of new Covid-19 infections continues to accelerate.
  • Japan's vaccine tsar Kono said Sunday that the nation will secure enough vaccines for all residents over 16 years old by the end of Sep after Pfizer accepted PM Suga's request to increase supplies. Elsewhere, Yomiuri reported that Japan may allow dentists to administer the jabs.
  • A break below Y108.61, which limited losses on Apr 15 & 16, would give bear a green light for targeting Mar 23 low of Y108.41. Bulls look for a jump above Apr 9 high of Y109.96.
  • Japanese trade balance & final industrial output headline the local docket today. Looking further afield, final machine tool orders come out Tuesday, while national CPI & flash Jibun Bank PMIs are due Friday.

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.