Free Trial

Consolidation remains the theme in.......>

DOLLAR-YEN
DOLLAR-YEN: Consolidation remains the theme in early NY as Usd/Jpy holds near
the peak of its Y110.93-111.38 daily range. Resistance remains at Y111.37/38
(61.8% Y111.69-110.84, Intraday high), a break opens Y111.49/60 (76.4%
Y111.69-110.84, 100-dma). Last at Y111.30.
* The US calendar starts today at 1330GMT with the release of Wholesale
Inventories.
* At 1400GMT, the FHFA Home Price Index and the Quarterly Price Index will be
released, alongside the S&P Case-Shiller Home Price Index.
* Further US data from 1500GMT includes the US Building permits revisions, the
Richmond Fed Survey and the Conference Board Consumer Confidence.
* Philadelphia Federal Reserve Bank President Harker is due to speak at 1515GMT.
* Particualr attention also on the Q&A of Powell's confirmation hearing.
* Option-expiries today at USD/JPY: Y109.00($550mn), Y112.00-05($1.53bn),
Y112.75($380mn), Y113.75-80($1.4bn).

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.