Free Trial

Good size demand into today's Tokyo-fix....>

EURO-YEN
EURO-YEN: Good size demand into today's Tokyo-fix has seen the cross rise from
around Y129.30 to Y129.50. Post-fix, the cross has move back to Y129.33.
Although minutely pierced resistance at Y128.48 has held, the level marks the
50% Fibonacci retracement on Y131.40-Y127.56 decline, a break opens Y129.71
(Aug17 high), while hourly support is noted at Y129.17. Consolidation is now
likely heading toward the European open. Euro-yen was last at Y129.34 

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.