Free Trial

AUSSIE-YEN: Correcting big figure on hourly..........>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: Correcting big figure on hourly support..A fraction higher in early
trade with demand in dollar-yen from Tokyo names the catalyst, the
risk-barometer cross rising off Y84.85 to a top so far of Y85.05. Japan services
PPI provides a modest event risk to the session, however direction will likely
be sourced from moves in regional equities. Resistance is found at Y85.26/31
(Nov 22-21 highs), while hourly support is located at Y84.74. Aussie-yen was
last at Y85.00

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.