JPY

Japan flash PMIs (July): Manufacturing 49.2 (prior 50.0) Services 53.9 (prior 49.4)

• S&P Global / Jibun Bank preliminary Japanese PMIs for July 2024

MUFG warn that the yen could turn back around again and fall - eyes on BOJ

• Bank of Japan meeting next week

GBPJPY reverses June/early July surge and follows similar technical tools. Watch and learn

• Key technical tools guide the GBPJPY lower over the last few weeks. A swing area is being tested and this may be an area to stall the fall.

Japanese yen continues to find bids in the early stages this week

• Another day of gains beckoning for the yen currency

USD/JPY remains heavy to start the week

• The pair is down roughly 0.5% to 156.20 levels on the day currently

Japan senior government member says BOJ policy should be made clearer

• Bank of Japan

USDJPY touches 100-hour MA target at 157.16, time for sellers to act

• Sellers must stay below the 100-hour MA at 157.16 to maintain control of USDJPY

USDJPY Technical Analysis – Keep an eye on this important resistance

• The USDJPY pair rallied back to retest a key resistance and moved lower. What’s next?

USD/JPY slides lower ahead of European morning trade

• No fresh catalyst for the move as the pair is now down 0.6% to 156.50 on the day

Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI

• Next week market focus will be on US PCE with other highlights including the BoC rate decision and MPR, the PBoC LPR, as well as PMI data and CPI from Tokyo.

Japan PM Kishida says need to be cautious about effect of rising prices due to weak yen

• Words from the top of the Japanese government

Japan finance minister Suzuki scolds government minister speaking about markets

• Suzuki berating Kono

Japan private sector economic council members say cant overlook weak yen negative effects

• Japan has downgraded growth forecasts

Here's a forecast for a Bank of Japan rate hike this month

• Follows inflation data from Japan earlier

Japan data - June CPI Headline 2.8% y/y (vs. 2.9% expected)