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Free AccessRisk takes a hit in early Europe as the JPY.....>
YEN: Risk takes a hit in early Europe as the JPY turns positive on the session.
- USDJPY extends the correction off its best levels to Y105.25 with bears
focusing on yesterday's low at Y105.05 and the key Y105.00 level which is
expected to hold protection. Worth noting of the $1.89bln option expiries at
Y105.00/05 for today's NY cut.
- EURJPY dips back under Y118.00 to fresh lows of Y117.84. Yesterday's ytd low
at Y117.52 provides the next support area.
- GBPJPY trades back under Y127.00, while CADJPY trades through Y79.50.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.