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Settles into a basic Y131.10/35 range......>

EURO-YEN
MNI (London)
EURO-YEN: Settles into a basic Y131.10/35 range after rate was pressed to an
early Asian low of Y130.93, off Tuesday's high of Y132.02, as risk took a knock
from the resignation of Gary Cohn. Eur/Jpy proving to be the main barometer for
risk, the rate currently awaiting for the next comment/action whether it be on
US tariffs or major political events (N.Korea offer of talks Tuesday prompting
risk-on). ECB announcement Thursday followed by US NFP Friday moving into view.
Resistance Y131.80/132.00. Support Y130.93 ahead of Y130.60.  
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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