Free Trial

Broader base bid goes through

EUR
  • EURJPY briefly tested its highest level since August 2008, on the back of another decent beat in German PMI services, following the French.
  • EUR saw a broader base bid, while Bund tested the 131.00 figure on the release.
  • Next resistance in EURJPY will be at 166.00, and market participants will also be keeping an eye on the USDJPY and the 155.00 level, after Tnotes (TYM4) ticked lowed helped by EGBs.

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.