Free Trial

A less than auspicious start to the new....>

EURO-YEN
EURO-YEN: A less than auspicious start to the new trading day, the cross holding
a narrow Y132.43 to Y132.63 range. There is no data of any importance likely to
impact trading, regional equities will be sourced for direction, Nikkei futures
currently trading higher by 0.44%. Baring any surprises from equities, further
range trading is mostly favoured. Hourly resistance lies at Y132.66, with key
resistance seen at Y132.77 (38.2% Y134.06 to Y131.75 decline,  while yesterday's
base at Y132.09 provides support.  Euro-yen was last at Y132.59.

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.