Free Trial

General USD sales post US production.....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: General USD sales post US production data Friday, along with an
easing in UST yields, acted to press USD/JPY to a low of Y111.39, off an earlier
Asian high of Y111.90, before it settled around Y111.50 into the week's close.
Rate marked an early lof Y111.44 at the Asia open before it gradually edged its
way to a high of Y111.63, traders oting better risk appetite as well as a slight
recovery in UST yields. Rate eased to Y111.52 before picking up mild demand into
early Europe as it edged back to Y111.58. Resistance remain above Y111.60 with
stronger interest said be place positioned between Y111.80/112.00. A break of
Y112.15 could place pressure on weaker shorts. Support noted at the 200-dma of
Y111.45 ahead of 100-dma at Y111.30.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.