Free Trial

Dollar-yen: Nov13 close Y113.56,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Nov13 close Y113.56, Nov14 Asia range Y113.56-73,
Europe Y113.59-91
*Euro-yen: Nov13 close Y132.52, Nov14 Asia range Y132.49-73, Europe
Y132.59-133.34
*Dollar-yen witnessed a quiet overnight session, volumes remained light tied to
a narrow Y113.56-73 range
*Traders looked ahead to the busy European calendar and it didn't disappoint
*Dollar-yen lifted on demand via the crosses, moved through the Asia high to
Y113.75 before fading
*Sharp falls in gold linked to CME selling triggered further yen weakness,
Usd/Jpy squeezed to Y113.91 but with lack of follow through drifted to hold
around the Y113.70/75 area
*Despite the release of strong German GDP data, euro-yen initially failed to
react. The euro did eventually squeeze higher, the break of Y133.00 with added
momentum from the earlier mentioned gold sales, touched Y133.34
*Pullbacks have so far remained shallow. Last Y133.23.

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.