Free Trial

Dollar-yen: Oct27 close Y113.70,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Oct27 close Y113.70, Oct30 Asia range Y113.53-84,
Europe Y113.53-76
*Euro-yen: Oct27 close Y131.94, Oct30 Asia range Y131.85-132.12, Europe
Y131.92-132.27
*Shortly after the Tokyo open, dollar-yen moved higher from Y113.67 to Y113.84,
with reports of Japanese Trust demand and Tokyo-fix related buying
*Post-fix, dollar eased from near Y113.75 to Y113.53, with lower US TSY yields
and weaker Japanese equity seen to weigh
*For the balance of the session the pair consolidated in a tight Y113.55 to
Y113.61 range
*Dollar-yen opened firm in Europe, rate extended the slow grind to Y113.76, but
with lack of follow through drifted
*Rate pared morning gains with soft UST yields, touched pullback lows of Y113.53
before support from the Asia low cushioned falls
*As Catalonia tensions eased, euro based short covering lifted the cross to
highs of Y132.27. Yen pairs last Y113.60/Y132.15.

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.