Free Trial

Positive risk sentiment underpinned JPY.........>

YEN
YEN: Positive risk sentiment underpinned JPY crosses in NY dealing, as markets
discounted the latest bout of trade rhetoric from US President Trump.
- This theme has continued in Asia, as USDJPY moves above 106.40.
- EURJPY last trades above its 200-DMA of 131.37. Bulls still need a close above
the 200-DMA to gain breathing room and above 132.24 to target a correction back
to 133.05-134.17 where key DMAs are situated. - The JPY awaits cues from the BoJ
MonPol decision later this week, after BoJ Deputy Gov nominees Amamiya &
Wakatabe offered little to trade off of at their confirmation hearings on
Monday, as both stuck to their respective scripts.
- USDJPY option expiries over the next two sessions focus on 105.50 & 107.00
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@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.