Free Trial

Dollar-yen: European open Y113.20,......>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: European open Y113.20, range Y113.14-113.47, NY open
Y113.28, range Y113.07-113.58
*The dollar pared back its European gains, as NY entered the fray with the rate
dropping towards Y113.25.
*As UST yields continue to firm, dollar-yen extended the recovery off
NY traded lows of Y113.07 to Y113.38.
*Already trading firm ahead of US Existing Home Sales, a strong
release has seen the pair grind out a fresh 3-month high of Y113.52.
*After printing new intra-day highs of Y113.52, the dollar started to pare back
its gains with the rate dropping towards Y113.35. The move coincided with US
Tsys yields dropping.
*Broad based dollar demand witnessed the rate grind to fresh session highs of
Y113.57, before meeting supply ahead of Y113.60 and slipping back towards
Y113.35.
*A fresh wave of dollar demand as Trump says bringing Powell and Taylor to Fed
is an option saw the rate spike towards the intraday high of Y113.57.

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.