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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.
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
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.
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