Free Trial

Rate rallies through the day's best......>

DOLLAR-YEN
DOLLAR-YEN: Rate rallies through the day's best levels to eye another attempt at
the Y113 handle. Bulls eye a rise through, firstly, the 21-dma at Y112.95 as
well as the 200-wma at Y113.13. Beyond there, the Oct10 high may provide
resistance at Y113.29. JPY remains weak as equities make good progress despite
turning slightly softer alongside the cash open. Equity traders report a strong
Amazon rally is helping lift the FAANG index and, in turn, broader equity
sentiment.
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.