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Recovery off earlier Asian lows of.......>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Recovery off earlier Asian lows of Y109.21 saw rate touch a high of
Y109.74 in early NY before momentum faded. Rate eased through the 1600GMT fix to
Y109.50 as markets await the FOMC rate decision at 1900GMT(no change widely
expected), with the following Fed Powell press conference to follow at 1930GMT
and likely to provide the main directional drivers. Resistance remains into
Y110.00 with support noted at Y109.20 through to Y109.00.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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