Free Trial

Dollar-yen: European open Y112.44,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y112.44, range Y112.25-112.72, NY open
Y112.53, range Y112.14-112.60
*Having stalled ahead of Y112.55 in early NY, persistent dollar
selling linked to soft UST yields saw the rate ease to the Y112.30/35 area.
*Took another leg lower to fresh intra-days lows of Y112.14 on President Trump
remarks of putting more sanctions on North Korea.
*The dollar received a small lift, as US Tsys yields continued to bounce off
their lows and XAU falls with the rate grinding towards Y112.50.
*The dollar came under renewed pressure, as POTUS began his meeting
with South Korea Moon on imposing further sanctions on NK witnessed the rate
drop towards Y112.25.
*The dollar slowly pared back its looses as the market awaited for a
statement from POTUS in regards to fresh sanctions on NK, as the rate grinded
towards Y112.60.
*The dollar remained buoyant into the NY close as the White House remained tight
lipped over new sanctions on North Korea. 

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.