Free Trial

*Oct4 Dollar-yen open Y112.85, range....>

YEN SUMMARY
YEN SUMMARY: *Oct4 Dollar-yen open Y112.85, range Y112.51-Y112.91
*Dollar-yen opened in Asia  toward the lower side of yesterday's Y112.66 to
Y113.20 range, where consolidation was largely the theme.
*After trading in a Y112.80-91 range in early trade, weaker US rate yields
encouraged broad-based dollar weakness, the pair dropped from around Y112.85 to
Y112.56.
*Recoveries were held to Y112.67, another round of selling then pushed the
dollar down to Y112.51
*For the balance of the session the dollar consolidated in a tight Y112.60-66
range.
*Below Asia's low (Y112.51) support is seen at Y112.40 (Oct2 low), while hourly
high from Oct3 is noted at Y112.95.

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.