Free Trial

AUSSIE-YEN: The risk-barometer cross in under........>

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: The risk-barometer cross in under intense selling pressure in early
Asia trade, the cross moving from near Y87.00 to a base for far of Y86.05. The
Japanese government said, North Korea has launched a missile in the direction of
northern Japan, it passed over the island of Hokkaido and landed in the northern
Pacific Ocean approximately 1100km to Japan's east. Raised risk-aversion should
see the yen remain bid. Key-support is located at Y85.55 (Daily cloud base),
with stops likely on a break below. Aussie-yen was last at Y86.05

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.