Free Trial

Opened in Asia toward the upper end of...>

DOLLAR-YEN
DOLLAR-YEN: Opened in Asia toward the upper end of the narrow Y113.15 to Y113.38
range witnessed yesterday, where cross demand somewhat negated the weaker dollar
theme leaving the pair broadly unchanged on the day. Japan's Industrial
Production and Retail Sales for November lead the domestic data. There are a
couple of large option expiries for today at Y113.00($1.8bn) and
Y113.50($3.5bn), that should act to keep the pair range-bound. Initial support
is located at Y113.15/12 (dec27-26 lows), while resistance is seen at Y113.48
(Dec25 high).

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.