Free Trial

Reports of momentum accounts selling.....>

DOLLAR-YEN
DOLLAR-YEN: Reports of momentum accounts selling over the past 30 minutes or so
has seen the dollar pushed lower from around Y112.30 to Y112.12. Nikkei remained
a negative, the cash index now down 0.9%. Key-support is located at Y111.95
(61.8% fib Y110.84-Y113.75). It is worth mentioning a couple of close-by option
expiries at Y112.00($1.14bn) and Y112.25($1.75bn), that may act to contain the
near-term range. Dollar-yen was last at Y112.17.

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.