FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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 Trade

FOREX

The Yen has firmed in early dealing on Thursday, USD/JPY has ticked lower after the latest round of Japanese data. Retail Sales and Industrial Production were both firmer than expected. The move in the Yen is applying mild pressure to the USD.

  • USD/JPY is down ~0.3% and last prints at ¥141.35/40. The next support level comes in at ¥140.71, a Fibonacci retracement point.
  • Kiwi is up ~0.2%, NZD/USD prints at $0.6350/55 as a fresh monthly high is printed. Bulls target $0.6412, the high from 14 Jul. A break through here opens $0.6563, a Fibonacci projection.
  • AUD/USD is up ~0.1% following the broader USD move.
  • Cross asset wise; US Tsys are a touch lower and BBDXY is down ~0.1%.
  • The docket is empty for the remainder of the Asian session.
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.