Free Trial

Currently trades at Y132.38 in the.........>

EURO-YEN
EURO-YEN: Currently trades at Y132.38 in the middle of the Y132.16 to Y132.58
range seen so far this morning. Japan's Trade Balance for November (2350GMT)
provides a modest event risk for the session, the consensus is for a deficit of
Y40 billion. Direction however, will likely be sourced from the Nikkei and its
response to gains seen on Wall St, Nikkei futures were last +0.6%.  Resistance
is currently found at the daily cloud top (Y132.58), while key support is
located at Y131.94/93 (Daily cloud base, 76.4% Y131.17-134.38).

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.