MNI: GERMANY NOV UE RATE (SA) 6.1% (FCST 6.1%); OCT 6.1%

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: GERMANY OCT RETAIL SALES -1.5% M/M

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI: ITALY NOV FLASH HICP +0% M/M, +1.6% Y/Y

MNI: EUROZONE NOV FLASH HICP +2.3% Y/Y

MNI: UK OCT M4 MONEY SUPPLY -0.1% M/M, +3% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Yen Regains Poise In Muted Early Trade

FOREX

It has been a two-way start to the Asia session for USD/JPY, which climbed to Y134.14 before giving back initial gains. The rate last sits at Y133.70, down 16 pips on the day. Renewed support for the yen comes in the way of cautious mood music, with U.S. e-mini futures grinding lower. Macro headline flow has been sparse this morning.

  • The kiwi dollar outperforms at the margin, but NZD/USD is struggling to test yesterday's high. There is continued assessment of New Zealand's jobs data released Wednesday, as an uptick in the unemployment rate was coupled with upbeat wage figures.
  • Overall, volatility across major currency pairs has been subdue, with the greenback oscillating around neutral levels. The BBDXY index has retraced its initial uptick.
  • Most sell-side analysts expect the BoE to raise the bank rate by 50bp today. Our Markets Team assigns a subjective 70% probability to a half-percentage point hike (with a 25bp hike if not).
  • Today's data highlights include Australian trade data, German factory orders as well as U.S. jobless claims & trade balance. Fed's Mester will discuss the economic outlook.
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.