Free Trial

*Aug4 dollar-yen open Y110.05, range....>

YEN SUMMARY
YEN SUMMARY: *Aug4 dollar-yen open Y110.05, range Y109.85 to Y110.19
*Dollar-yen opened in Asia towards the lower side of yesterday's Y109.86 to
Y110.83 range, where media reports stating that Special Counsel Robert Mueller
has impaneled a grand jury in Washington to investigate allegations of Russian
interference in 2016 U.S. election kept the greenback on the defensive.
*The softer dollar theme continued in early Asia trade, the rate slipping back
through Y110.00 to post a new low at Y109.85
*Demand in the Y109.80's reportedly from Japanese Asset managers provided solid
support and the dollar began to edge a little higher
*Tokyo-fix related demand pushed the dollar to Y110.06, the move extended to
Y110.19 before fading
*The balance of the session saw the dollar ease back to around Y110.05,
precisely where it began the day.

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.