JPY: USDJPY is eyeing the April low, lowest since September
Apr-16 07:36
Watch the USDJPY here, as just noted in the Gold comment, CHF and JPY are extending gains, the USDJPY is eyeing the April low of 142.07 (prices are according to Bloomberg), its lowest level since late September.
A clear break through 142.00 {USDJPY Curncy} opens to 141.66 next.
CROSS ASSET: Gold is heading to $3,300.00
Apr-16 07:27
Gold is now fast approaching the $3.3k mark, all multi cross assets (safe haven) have benefitted today on more Tariffs escalations, Gold, Core Bonds, Swissy and the Yen are all on the front foot.
The $3300.00 is so far providing a decent hurdle, printed a $3298.06 high.
A clear break through that level, opens to $3347.7 - 1.382 proj of the Dec 19 - Feb 24 - Feb 28 swing.
EGB SYNDICATION: Italy 7-year BTP / 30-year BTPei: Books open
Apr-16 07:20
7-year BTP:
Guidance: 3.15% Nov-31 BTP +14bps area
Size: EUR benchmark (MNI expects E7-13bln)
Maturity: 15 July 2032
ISIN: TBC
Coupon: Short first on 15 July 2025
30-year BTPei:
Guidance: 0.15% May-51 BTPei RY +38bps area
Size: E3bln WNG
Maturity: 15 July 2032
ISIN: TBC
Coupon: First full on 15 May
For both:
Settlement: 25 April 2025 (T+5)
Bookrunners: BBVA / BofA / GSBE SE / JPM (DM/B&D) / Natixis / Societe Generale