Free Trial

Brief dip under the 200-dma at Y109.03...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Brief dip under the 200-dma at Y109.03 saw rate touch Y108.99 into
Tokyo only to meet local demand that took rate initially through its NY recovery
high of Y109.11 to Y109.18. Fresh demand into Europe saw rate push above Y109.20
and on to Y109.29 before rally momentum faded. However, underlying tone retains
a buoyant feel. A break above Y109.30 to expose stronger resistance in place
toward Y109.50, the rate having faltered at Y109.48-49 in recent sessions. Main
support noted between Y108.90/80. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.