Free Trial

Plenty of levels to look out for to......>

DOLLAR-YEN
DOLLAR-YEN: Plenty of levels to look out for to the upside in USD/JPY as it
grinds higher heading into the European open: firstly, Y111.89 marks the Nov20
low before Y112.21/26, the 61.8% Y112.79-111.27 and 100-dma respectively.
Finally, Y112.50/55 marks the Jan9 congestion area. The pair corrected higher
overnight as the dollar rallied after semi-official denials of yesterday's
'China sees Treasuries as less attractive' story. This allowed USD/JPY to regain
over 0.5% from the lows but is still some way off yesterday's highs of Y112.79.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.