MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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 Pressured, Antipodeans Firm In Asia

FOREX

The Yen is pressured in Asia, after an scheduled bond buy from the BOJ coupled with better risk sentiment in regional equities, weighed. The Antipodeans are outperforming in the G-10 space, benefitting from the aforementioned better risk sentiment.

  • USD/JPY is ~0.4% firmer and has breached Friday's post BOJ highs, the pair sits at ¥140.70/80 rising ~0.8% from trough to peak in Asia.
  • Kiwi is up ~0.4%, NZD/USD sits at $0.6180/85, a touch off session highs. The $0.62 handle is intact for now, the 20-Day EMA is at $0.6211.
  • AUD/USD prints at $0.6670/75 up ~0.3% on Monday. Private Sector Credit grew at 0.2% M/M in June slower than the expected 0.4%.
  • Elsewhere in G-10, CHF is down ~0.2%. EUR and GBP are little changed dealing in narrow ranges in Asia.
  • Cross asset wise; Hang Seng is up ~1.5% and CSI300 is up ~0.8%. E-minis are down ~0.2% and BBDXY is up ~0.1%.
  • In Europe today the Eurozone preliminary inflation print provides the highlight. Tomorrow in Asia we have the latest monetary policy decision from the RBA.
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.