CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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 Loses Ground

JPY

USD/JPY staged a dynamic rebound yesterday, attacking the Y114.00 mark late doors. The rate's upswing was driven by a rally in U.S. Tsy yields, inspired by a beat in U.S. CPI report, which showed that inflation accelerated to a pace not seen in at least two decades.

  • USD/JPY has added 7 pips thus far and last sits at Y113.98. A clearance of Oct 20, 2021/Nov 6, 2017 highs of Y114.70/73 would allow bulls to take aim at Mar 10, 2017 high of Y115.51. Conversely, bears set their sights on Sep 30 high of Y112.08, a recent breakout level.
  • Mainichi reported that the gov't is planning to reinstate the "Go To" travel campaign in January or later, while Jiji noted that the programme could be resumed around February.
  • The local economic docket is virtually empty during the remainder of this week.
HomepageBank of Japan (BOJ) Market NewsBulletMarketsForeign Exchange Bullets

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.