Free Trial

JPY extends its gains over all others shortly...>

YEN
YEN: JPY extends its gains over all others shortly following the Wall Street
opening bell, with US equity markets now sitting at the lowest levels of the
session and the e-mini S&P looking to break below the 2,900 mark. The VIX
remains bid, which has helped boost the JPY's risk haven status so far this
week, with USD/JPY bears turning sights to, initially, yesterday's low of
Y110.28 ahead of touted support at Y09.71, the March low and Y109.52, the 38.2%
Fib retracement of the Y104.87-112.40 rally.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@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.