Free Trial

Macro demand for dollar-yen has added......>

EURO-YEN
EURO-YEN: Macro demand for dollar-yen has added legs to the cross, the rate
rising from the mid Y129.20's to Y129.57. Japanese equities are supportive, the
Nikkei opening higher by 0.78%. Reports of Tokyo-fix related demand into today's
fix (0055GMT), should lend support. Resistance lies at Y129.65/73, the level
marks yesterday's top and 50% fib retracement on Y131.40 to Y128.74 decline.
Euro-yen was last at Y129.53

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.