Free Trial

Pullback off the Y114.73 high has........>

DOLLAR-YEN
DOLLAR-YEN: Pullback off the Y114.73 high has reached a low so far of Y114.31.
The move is following UST yields and the Nikkei, with both relinquishing gains,
the benchmark 10-year treasury yield now up 0.23% from over 0.70% earlier, and
the Nikkei now flat for the session from over 0.40%. In option space, there is a
large expiry for today at Y114.50($1.12bn), that maybe acting to contain the
near-term range. Support is now seen at Y114.25 (61.8% on today's Y113.95 to
Y114.73 range). Dollar-yen was last at Y114.36. 

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.