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Free AccessDollar-yen: European open Y111.81,......>
YEN SUMMARY: Dollar-yen: European open Y111.81, range Y111.80-112.09, NY open
Y112.01, range Y111.85-112.17
*Consolidation remained the theme, dollar-yen managed to grind out a fresh
European high of Y112.09. The rate drifted back under Y112.00 as NY entered the
fray.
*Firmer UST yields provide added support to Y112.09 and a re-test of
the European morning high.
*As US Tsys yields fell the rate followed suit with the rate dropping to Y111.86
before meeting demand and grinding towards Y111.95.
*Following US Tsys yields paring back some of its losses, the rate followed suit
grinding towards Y112.05.
*The dollar continued to grind higher across the board, as the rate crept
towards Y112.20.
*As US Tsys yields slipped, the pair continued to follow with the
rate falling back towards Y112.00.
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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.