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Free Access*Dec19 dollar-yen open Y112.55, range...>
YEN SUMMARY: *Dec19 dollar-yen open Y112.55, range Y112,54 to Y112.67
*Dollar-yen opened in Asia toward the middle of the Y112.31 to Y112.83 range
witnessed yesterday, where firmer equities somewhat negated a slightly softer
dollar leaving the pair broadly unchanged on the day.
*As the narrow range would suggest, it was a dull affair during the Asia-Pacific
session, investors remaining cautious ahead of the US tax vote, leaving the
dollar broadly unchanged from Monday's close in New York.
*Resistance is being found close to the 55-dma, currently at Y112.85, while
yesterday's base at Y112.31 provides support.
*US Housing Starts and Building Approvals provide the event risks for the
session ahead.
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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.