Free Trial

A very lacklustre start to the new.........>

EURO-YEN
EURO-YEN: A very lacklustre start to the new trading day, the cross holding a
fairly narrow Y132.19 to Y132.37 range. Political uncertainty in Spain has seen
the Euro pressured lower over the last 24 hours, local traders are in
sell-the-rally mode. Key this week for investors will be the release of
September's ECB Minutes on Thursday for more details of the ECB's anticipated QE
tapering program. Resistance is located at Y132.52/58 (38.2% fib daily
Y133.07-Y132.19 decline, hourly high), while support is being found close to the
21-dma, currently at Y132.08. Euro-yen was last at Y132.22

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.