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Free AccessMet decent resistance into Y111.00 in....>
DOLLAR-YEN: Met decent resistance into Y111.00 in early European trade
Wednesday, the rate touching a high of Y110.95 before reversing. USD/JPY eased
to Y110.73, jumped back to Y110.88 before it dropped back into the 1600GMT fix
to Y110.75 before extending this move to Y110.63. Corrective pullback managed to
hold off the earlier Asian low of Y110.55. All focus now on the release of FOMC
Minutes at 1900GMT (via the website, no lock-up due to Washington DC weather
conditions). Support Y110.55/45, resistance Y110.95/111.00 ahead of the YTD high
of Y111.13(Feb14).
To read the full story
Sign up now for free trial access to this content.
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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.