Currently 127.22 still on the back foot
Yen demand gathers pace to outweigh euro gains
Offers 127.50 127.80 128.00 128.30 128.50 128.80 129.00 129.30 129.50
Bids: 127.00 126.80 126.50 126.30 126.00 125.75 125.50
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EURJPY orders 20 Jan
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- AUD: Australian pension funds rush to shield portfolios from Iran war currency shock
- Fed rate cuts pushed to late 2026 as Middle East war fuels inflation surge
- PBOC sets USD/ CNY reference rate for today at 6.8650 (vs. estimate at 6.8294)
- Fake news (social media) on an attack on Tehran sent oil up, stocks down. Unwound now.
- Japan PMI shows manufacturing surge as services slowdown caps growth
- PBOC is expected to set the USD/CNY reference rate at 6.8294 – Reuters estimate
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