Free Trial

Sharp Weakness For USDJPY as Intraday Sell-Off Briefly Extends To 3.80%

JPY
  • Significant volatility in the Japanese Yen with USDJPY below 142.00 on the move.
  • The extension of weakness through the touted 144.50 level in late Europe has significantly extended, with all short-term tech levels giving way and a 141.71 print resulting in a very quick timeframe. We have noted no news amid the price action as longs continue to unwind ahead of the US payrolls release tomorrow. Market has stabilised in the last few minutes, rising back above 143.00 at typing.

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.