Free Trial

News that the Senate had suspended the...>

DOLLAR-YEN
DOLLAR-YEN: News that the Senate had suspended the vote on the tax bill until
11am Friday ET has seen risk come under some pressure, Nikkei is now in negative
territory after opening higher by 0.84%. In turn, dollar-yen has eased from the
mid-Y112.60's to Y112.32. Demand has been reported on an approach to Y112.00
which fits in nicely with the technical picture, Y111.99 marks the 38.2% fib
retracement on the Y110.84 to Y112.70 rise, while hourly resistance is seen at
Y112.70. Dollar-yen was last at Y112.43. 

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.