MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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

Weaker Yuan Spills Over Into G10 FX, USD/JPY Very Close To 2023 Highs

FOREX

The fresh break higher in USD/CNY through the 7.2000 level has had clear spill over effects to other major USD pairs. The BBDXY is up a little over 0.10% to 1243.2, putting the index back near pre FOMC levels from Wed (near 1244).

  • USD/JPY is marginally above post BoJ highs from Wed, last in the 151.80/85 region. This is also very close to highs from Nov last year at 151.91.
  • Intervention risks are likely to remain a market watch point. Earlier comments from FinMin Suzuki reiterated familiar rhetoric around FX markets but it didn't appear to be a step up in language.
  • Elsewhere, AUD and NZD are down by around 0.25-0.30%. AUD/USD last near 0.6550, while NZD/USD is back to 0.6030, close to YTD lows for this pair.
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.