Free Trial

Post fixing supply from reported.........>

DOLLAR-YEN
DOLLAR-YEN: Post fixing supply from reported Japanese exporters pressured
overnight, Usd/Jpy slipped from Y112.97 to Y112.69. Recovery efforts held
shallow into Europe, before another wave of dollar sales took the rate on to
extended session lows of Y112.65. Next support is seen at Y112.31/30 (Dec18 low,
50% Y110.84-113.75). Traders have reported of extremely light flow as bank
models suggest moderate dollar selling today, linked to month, quarter and
year-end.
* Very light on the US calendar today, the St. Louis Fed's latest Real GDP
Nowcast will be released at 1600GMT, with the NY Fed GDP Nowcast expected at
1615GMT.
* Option-expiries: Y111.00($411mn), Y113.50($322mn), Y115.00($415mn).

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.