Free Trial

Dollar-yen: Sep25 close Y111.65,........>

YEN SUMMARY
YEN SUMMARY: Dollar-yen: Sep25 close Y111.65, Sep26 Asia range Y111.50-80,
Europe Y111.50-77
*Euro-yen: Sep25 close Y132.28, Sep26 Asia range Y132.11-53, Europe
Y131.89-132.34
*Reports that N Korea had moved airplanes to the east coast boosting defences,
pressured in early Asia. Soft equities added to the risk-off sentiment,
dollar-yen touched pullback lows of Y111.50
*Recovery efforts held shallow into Europe, rate largely consolidated Y111.53-63
*Stg-yen provided fresh appetite and as UST yields firmed, rate squeezed to
Y111.77 before stalling ahead of resistance from the Asia high
*Euro-yen initially traded firmer in Europe, the cross tracked dollar-yen to
Y132.34 before profit take sales eased 
*Broad euro selling pressure started to emerge, rate was quick to pare gains
with slippage briefly extending under Y132.00
*Recovery efforts stalled ahead of Y132.20, before fresh supply triggered
momentum selling through Y132.00 to Y131.89. Yen pairs last Y111.68/Y131.95.

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.