Free Trial

Dollar-yen: European open Y111.09,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y111.09, range Y110.88-111.33, NY open
Y111.23, range Y110.55-111.29 
*Dollar-yen dragged higher on the move with added support from UST yields
printed Y111.33 
*A small sell off in early NY, with the rate dropping towards Y111.20. *Slightly
weaker-than-expected headline Q2 GDP data took the rate back under Y111.00 with
slippage extending to fresh daily lows of Y110.84. *The recovery off post US GDP
lows (Y110.84) extended back above Y111.00 to hold Y111.10/15. 
*The dollar under fresh pressure slipped to Y110.90 and witnessed support from
the US GDP react low (Y110.84). 
*In reaction to reports of North Korea firing a test missile-RTRS, saw the rate
crash to a new intra-day low of Y110.67. 
*The dollar came under renewed pressure into the close, following US Tsys
yields. The pair printed a new intra-day low of Y110.55. 
*Dip buyers emerged off the lows, pushing the rate towards Y110.70.

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.