MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation 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 Marginally Stronger Following MoF & BoJ Comments

JPY

USDJPY fell to an intraday low of 143.24 following comments from vice finance minister Kanda that options re FX intervention wouldn’t be ruled out and the BoJ summary of opinions showed that one member asked for an early revision of YCC. It has recovered somewhat since and is currently around 143.57, down 0.1%.

  • EURJPY is off its low of 156.2 but at 156.56 is lower than the intraday high earlier of 156.74. AUDJPY is flat at 95.99 after a low of 95.60.
  • Kanda said today that moves in the JPY were the focus and not the level but recent developments had been “rapid”. He reiterated that the currency should move in line with fundamentals.
  • The BoJ summary of opinions showed that policy is likely to remain accommodative but one member thought inflation wouldn’t fall below 2% in FY23.
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.