Free Trial

*Sep18 Dollar-yen open Y110.92, range...>

YEN SUMMARY
YEN SUMMARY: *Sep18 Dollar-yen open Y110.92, range Y110.83 to Y111.25. Sep15
range Y109.56-Y111.33
*Dollar-yen traded up from Y110.83 to Y111.17 shortly after the open, local
traders said the lack of any North Korean news over the weekend was enough
reason for the pair to move slightly higher.
*Japanese markets were closed for Respect-for-the-aged-Day, which meant for a
relatively subdued session in Asia.
*Dips were shallow and limited to Y111.00. As regional equities opened in
positive territory and moved higher, dollar-yen rose to Y111.25
*Consolidation then became the theme, the pair holding a narrow Y111.14 to
Y111.25 ahead of the European open
*Support is located at Y110.83/76 (Asia low, daily cloud base), while resistance
is noted at Y111.33 (Sep15 & Jul28 highs), a break higher opens Y111.62 (Daily
cloud top).

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.