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 Weakens As E-Minis Edge Higher

JPY

USD/JPY has advanced in early trade as e-minis popped higher briefly showing at fresh record highs. The pair last changes hands +11 pips at Y105.05.

  • Over the weekend, a strong earthquake (7.1 magnitude) hit off the coast of Fukushima prefecture. There was no tsunami risk, but injured over 150 people and left several hundred thousand without electric power.
  • Japan ok'd Pfizer Covid-19 vaccine and will start inoculating front-line medical workers as soon as this week.
  • Bulls need a move through Feb 12 high of Y105.18 before targeting key resistance at Y105.77, which represents the high print of Feb 5. Bears need losses past Feb 10 low/100-DMA at Y104.41/38 before taking aim at former channel top at Y103.53.
  • Preliminary Q4 GDP report & final Dec industrial output data headline the local data docket today. Later in the week, focus turns to trade balance & core machine orders (Wednesday) as well as national CPI & flash Jibun Bank PMIs (Friday).
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign 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.