MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Activity data stronger-than-expected; little impact on near-term monpol

MNI: GERMANY JUNE FINAL HICP +2.5 % M/M, +0.2% Y/Y

MNI: GERMAN JUN CPI +2.2 % Y/Y

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Yen Gains Extend, Aided By US Tsy Uptick

JPY

Yen gains have extended. USD/JPY getting to a low of 142.81. We now sit slightly higher, last near 142.90/95. Yen gains of 0.45% are outpacing the rest of the G10. The BBDXY is off 0.20%.

  • The latest bout of yen strength appeared to coincide with an uptick in US Tsy futures, although we didn't get beyond Wednesday highs for the 10yr.
  • The Japan Government raised its inflation projection for next fiscal year, but it remains sub the BoJ's outlook (see this BBG link for more details). The growth outlook was also firmed.
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