MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

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

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

MNI: US NOV IMPORT PRICES +0.1%

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 Lands Atop G10 Pile, Antipodeans Lag

FOREX

The yen has taken the lead after outperforming on Monday, when it was the only major currency faring better than the U.S. dollar. Regional headline flow has provided little to dispel familiar fears.

  • Preference for safety seems to be occupying the driver's seat at the moment. Apart from JPY, the likes of USD and CHF are stronger than the risk-sensitive Antipodeans.
  • Downticks across all three main e-mini futures contracts provide evidence of cautious mood.
  • USD/JPY is probing the water below the Y133.00 mark as we approach the Tokyo fix. Regional risk barometer AUD/JPY has sold off, nearing support from yesterday's low/100-DMA.
  • The minutes from the RBA's most recent monetary policy meeting provide the highlight of today's Asia-Pac session.
  • Later in the day, focus will turn to German ZEW Survey, UK jobs data, U.S. industrial output & housing starts as well as Canadian CPI.
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.