Trial now
AUSSIE BONDS

Smooth Passage Of Auction

KOREA RATES

Reduced Issuance In August

AUSSIE BONDS

YM Lifted

EQUITIES

E-Minis Lower Still

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Firmer sentiment reduced demand for safe havens, pushing USD/JPY higher Wednesday. Strong U.S. corporate earnings supported U.S. equity markets, leaving the yen as the worst G10 performer. USD/JPY printed its best levels in one week.

  • Japanese markets will be closed over the next couple of days in observance of the Marine Day and the Health-Sports Day, which coincides with the opening of the Tokyo Olympics.
  • Officials recorded 1,832 new Covid-19 cases on Wednesday, the largest increase in more than half a year. Health experts advising Tokyo Metropolitan Gov't warned that daily cases could rise further during the Olympics.
  • BoJ Dep Gov Amamiya told a group of Niigata business leaders that "it is necessary for the bank to persistently continue to conduct powerful monetary easing" amid persistently low inflation.
  • USD/JPY changes hands at Y110.27, little changed on the day. Bulls need a clearance of Jul 21 high of Y110.39, before targeting Jul 14 high of Y110.70. Bears look for a dip through Jul 19 low of Y109.07, which would expose May 25 low of Y108.56.