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Free AccessDollar-yen: Sep29 close Y112.50, Oct2...>
YEN SUMMARY: Dollar-yen: Sep29 close Y112.50, Oct2 Asia range Y112.40-92, Europe
Y112.77-113.06
*Euro-yen: Sep29 close Y132.97, Oct2 Asia range Y132.61-133.07, Europe
Y132.45-89
*Demand cited predominantly from Japanese Trust names lifted dollar-yen from
around Y112.50 to Y112.91 in early Asia. Improved risk sentiment was the theme
amid upbeat China PMI release over the weekend and today's strong Tankan survey
*UST yields also underpinned, the benchmark 10-yr treasury yield up over 1.0%
*Dollar-yen consolidated into Europe, rate held Y112.82-92 in early dealings
*As UST yields started to firm, rate managed to grind out a fresh high of
Y112.95. Second wave demand took out offers through Y113.00 with gains extending
to Y113.06
*Light profit take sales emerged off the high, UST yields turned lower.
Dollar-yen retraced morning gains to Y112.77 before fading
*The euro remained defensive throughout the morning session, eur-yen touched
pullback lows of Y132.45.
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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.