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Markets Mixed, EUR/USD The Standout


France Sells E10.355bn of OATs

MNI (London)
DOLLAR-YEN: Extended its post FOMC/Fed Powell move lower through Asia, Europe
and early US ahead of the month-end fix, through Wednesday's initial low of
Y108.81 before it found support at Y108.50. Move lower was seen influenced by
slippage in EUR/JPY, and the release of much higher-than-expected Jobless Claims
of 253k (the highest reading since Sep 30 2017). However, rate reversed tack
into the fix, rallied to a high of Y108.90, with pullbacks held by the Y108.80
area. Resistance noted between Y109.00/15.
MNI London Bureau | +44 203-586-2231 |