Free Trial

Local importer demand in dollar-yen and....>

EURO-YEN
EURO-YEN: Local importer demand in dollar-yen and buying into today's Tokyo-fix
(Gotobi-day), helped the cross extend the recovery back to Y131.82. Local
traders now expecting sideways consolidation ahead of the European open and
their reaction to the collapse of the German coalition talks. Support is being
found near to the 100-dma, currently at Y131.24, while resistance lies at
Y131.89 (61.8% fib on today's Y133.33-Y131.17 decline). Euro-yen was last at
Y132.68.

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.