Free Trial

Eur-Yen opened firm in Asia, supported.....>

EURO-YEN
EURO-YEN: Eur-Yen opened firm in Asia, supported by Usd/Jpy (Fixing demand)
gains extended to Y133.23 but failed to take out resistance from Friday's high
(Y133.24). Rate started to pare gains, fast money sellers on the break of
Y133.00 touched pullback lows of Y132.72 before dip buyers cushioned falls. Tech
support is seen at Y132.71/65 (50 & 55-dma's), a break opens Y132.47/23
(38.2%/50% Y131.23-133.24). Eur/Jpy last Y132.86.
* Very quiet on the European calendar today, Italian ISTAT Consumer and Business
Confidence is released at 0900GMT.
* The ECB will call for bids on the latest 7-day MRO at 1440GMT, before
publishing the latest PSPP bond buying data at 1445GMT.

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.