Free Trial

Yen, Kiwi Marginally Firmer In Early Trade


The Yen and the NZD are marginally firmer this morning, elsewhere in G-10 ranges are narrow with little follow through on moves.

  • USD/JPY is ~0.2% lower last printing at ¥138.30/40. The pair is paring some of yesterday's gains after printing a YTD high yesterday. Japan's April Core-Core CPI rose at its fastest annual pace since Sept 1981, core CPI and headline CPI printing in line with estimates. More on the print here.
  • Kiwi is firmer this morning, widening rate differentials and a trade surplus in April have seen NZD/USD rise ~0.2%. The 200-Day EMA ($0.6258) presents as the first target for bulls, a break through here opens high from May 11 ($0.6385).
  • AUD/USD is ~0.1% higher however a narrow ~15pip range has been observed thus far and we sit a touch beneath session highs.
  • Cross asset wise; e-minis are ~0.1% higher and BBDXY is a touch softer. US Treasury Yields are little changed across the curve.
  • There is a thin docket in Asia today, further out German PPI the highlight of an otherwise thin calendar.

To read the full story


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.