Free Trial

Continues to grind lower following the...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Continues to grind lower following the earlier reaction to BOJ
Kuroda comments concerning current loose monetary policy. Rate initially
extended lows to Y105.75, after breaking back below Y106.00 on react, the move
easing through the earlier low of Y105.94. Next support seen into the 2018 low
of Y105.55(Feb16) with recent talk of decent demand seen placed between
Y105.60/50. Stops have been suggested below though no confirmation found. Rate
currently trades around Y105.84 at posting. 
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.