Free Trial

Dollar-yen: Oct5 close Y112.83, Oct6....>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Oct5 close Y112.83, Oct6 Asia range Y112.76-113.03,
Europe Y112.91-113.08
*Euro-yen: Oct5 close Y132.07, Oct6 Asia range Y131.98-132.20, Europe Y132.05-23
*The strong dollar theme spilled over into Asia, dollar-yen largely held
Y112.72-89 in early dealings
*Another wave of dollar demand emerged, decent supply towards Y113.00 was
eventually absorbed and the rate posted a new high of Y113.03
*Dollar-yen remained in consolidation mode throughout Europe. The pair did
manage to grind out a fresh high of Y113.08 but lacked follow through
*Focus today on the US jobs report with forecasts expected to rise by only 70k.
Despite the impact of Hurricane Harvey and Hurricane Irma, markets will again
mainly look at average hourly earnings
*Euro-yen remained well supported ahead of Y132.00, gains extended to Y132.23
and held firm. Resistance remains at Y132.33/48 (38.2%/50% Y133.12-131.84). Yen
pairs last Y113.00/Y132.20.

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.