Free Trial
US OUTLOOK/OPINION

Barclays: Very Significant CPI Beat Needed For 75bp In Dec

AUDUSD TECHS

Pierces Key Resistance Points

US STOCKS

Late Equity Roundup: Forging Lower

US TSYS

SOFR/Treasury Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Yen Extends Gains Over Tokyo Fix

JPY

USD/JPY took a fresh dip into the Tokyo fix and has extended losses beyond there to last trade at Y135.72, down 85 pips on the day. The downswing allows the pair to lodge new weekly lows as it narrows in on Jul 22 low of Y135.57.

  • U.S. e-mini contracts keep drifting lower, while the Nikkei 225 has trimmed its opening gains, which sees safer currencies garner more strength.
  • In the grand scheme of things, the yen's moves remain consistent with U.S. yield dynamics, with the BoJ expected to keep interest rates at rock-bottom levels.

Fig. 1: USD/JPY vs. U.S. 2-Year Tsy Yield (%)

Source: MNI - Market News/Bloomberg

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.