Free Trial

General USD strength allows USD/JPY to...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: General USD strength allows USD/JPY to press back up toward Y110.00
but resistance here seen keeping rate off a retest off the earlier high of
Y110.05. A break of Y110.00/05 to expose the Feb4 YTD high of Y110.16. Traders
note that the Y110.00-05 area holds expiries for Thursday's NY cut($1.53bn).
Higher up at Y110.50-55 $1.32bn of options roll off tomorrow, which could help
to keep rate buoyed. Support seen back at Y109.55/45.  
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.