Free Trial

Reversal off Wednesday's recovery high...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Reversal off Wednesday's recovery high of Y110.10 broke below
Tuesday's low of Y109.76, with move through its 200-wma at Y109.69 adding
momentum as it further extended the move to Y109.50 into Europe. Focus is set on
China's coronavirus outbreak, hopes that plans to contain the virus provided
some risk aversion relief Wednesday but further reports have noted the apparent
spread. WHO has stepped back from declaring the current outbreak as a public
health emergency but they meet again Thursday to discuss 'evolving and complex
situation'. Support is noted at Y109.50/45, and currently remains under
pressure, a break to open a deeper move toward Y109.30. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@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.