MNI BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

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

Yen Firms In Early Dealing

FOREX

The Yen is the strongest performer in the G-10 space at the margins, USD/JPY is down ~0.2% and last prints at ¥144.30/40. Elsewhere in G-10 ranges are narrow with little follow through on moves.

  • JPY strength looks to be associated with concerns over intervention risk and a marginally tick lower in US Tsy Yields this morning. Support comes in at ¥143.29, low from 27 June. Resistance is at ¥145.07 the high from June 30.
  • Kiwi is marginally softer, NZD/USD has dealt below yesterday's low. However ranges remain narrow and there has been little follow through on moves thus far.
  • AUD is also a touch lower, AUD/USD prints at $0.6650/55. Support comes in at $0.6596, low from June 29 and bear trigger. Resistance is at $0.6721 Jun 27 high.
  • Cross asset wise; BBDXY is little changed from opening levels and e-minis are a touch lower.
  • On the wires today we have Australian Trade Balance, a surplus of $10.9bn is expected, further out German Factory Orders and a slew of US data including ADP Employment and ISM Services will cross.
Energy BulletsCommodities
Energy BulletsCommodities

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.