Free Trial

What to watch

MARKET INSIGHT
  • The overnight session saw USDJPY come off its highs as the BoJ failed to act as 10-year JGB yields hit 0.23%. As our overnight team wrote, a break above that level triggered BoJ fixed rate operations back in Feb as the central bank sought to defend the upper end of permitted 10-Year yield trading range (-/+0.25%). There was speculation that the level could again act as a trigger for BoJ intervention but the central bank chose to stay on the sidelines.
  • The highlight of the calendar today will be the German IFO, this follows the PMI surveys yesterday which showed confidence for 12-months ahead pulling back with inflationary pressures close to record highs.
  • We will also hear from Fed's Williams, Barkin and Waller as well as Bank of Canada's Kozicki and Norges Bank's Bache.

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.