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Real-time insight on key fixed income and fx markets.
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Free AccessDollar-yen just dropped suddenly from....>
DOLLAR-YEN: Dollar-yen just dropped suddenly from Y109.15 to Y108.87, the move
followed news that South Korea's Premiere said, 'There are expectations for N.
Korea to launch a missile on Sept 9th'. This has been widely tipped and should
not have too much of a reaction. Dollar-yen has since climbed back to Y109.11
and currently trades at Y109.07. Overall, the pair seems to be following
slightly weaker US rate yields rather than the positive showing on the Nikkei.
Hourly support is located at Y108.71-72, while yesterday's top of Y109.40
provides resistance.
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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.