Free Trial

Opened in Asia at Y133.96 toward the.......>

EURO-YEN: Opened in Asia at Y133.96 toward the upper side of the Y133.18 to
Y134.19 range witnessed yesterday, where upbeat European economic data helped to
underpin the Euro. Regional equities will sourced for direction during the
session, Nikkei futures were last +0.4%. In option space, there is a fairly
large expiry for today at Y134.50 (E535mn), that may act to contain the
near-term range. Key-resistance is located at Y134.41/42 (Sep22 high, 61.8% fib
Y149.78-Y109.57), while hourly support is found at Y133.78. Eur0-yen was last at
Y134.08 and the range so far this morning has been Y133.95 to Y134.09.

To read the full story



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.