CHINA: Central Bank Withdraws CNY62.2bn via OMO
The injection yesterday was short lived as the PBOC returned to withdraw liquidity today as 7-day re...
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JPY: USD/JPY Probing Recent Highs Near 154.50, 155.00 Next Upside Focus Point
USD/JPY is pressing towards 154.45/50, which has marked recent highs. There has been a variety of official comments this morning, although the only directly FX related one was the remark around weaker yen driving import costs higher. The rest are largely focused on upcoming fiscal support and broader policy goals (positive real wages etc). Broader USD sentiment is firmer, with all of the G10 down versus the USD at this stage (yen is slightly underperforming). US equity futures are ticking up. A clean break higher in USD/JPY is likely to see 155.00 targeted.
Fig 1: USD/JPY Probing Recent Highs
Source: Bloomberg Finance L.P./MNI
MNI: CHINA PBOC CONDUCTS CNY403.8 BLN VIA 7-DAY REVERSE REPO TUES
- CHINA PBOC CONDUCTS CNY403.8 BLN VIA 7-DAY REVERSE REPO TUES
CHINA SETS YUAN CENTRAL PARITY AT 7.0866 TUES VS 7.0856
- CHINA SETS YUAN CENTRAL PARITY AT 7.0866 TUES VS 7.0856
