CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Yen Firms On BoJ's Takata Comments

JPY

USD/JPY sits close to session lows in recent dealings, last in the in the 150.25/30 region (+0.25% higher in Yen terms). Comments from BoJ member Takata are crossing from a speech in Japan, which is driving a down leg in the pair. Focus may be on Tuesday's low, just under 150.10 on a further extension lower.

  • The tone is on the hawkish side - Takata noting the price target is finally coming into sight, despite the economic uncertainty. Momentum is positive for the Spring wage negotiations, and Japan is at a juncture where a shift to the norm around wage and price expectations may take place.
  • This is weighing on JGB futures as well.
  • Earlier we had comments from the Vice finance minister for international affairs Kanda around FX, in a fresh verbal jawboning for currency markets, although they didn't appear to step up on what has been said previously.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.