Free Trial

Strong demand in Asia took out...........>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Strong demand in Asia took out resistance at Y110.85, with the help
of Goto-bi linked interest at the Tokyo fix. Rate touched a high of Y111.01
before it ran into a wall of resistance which has since eased rate back to
Y110.83 in early Europe. UST yields remain buoyant and likely to keep USD/JPY
firm, Asian traders suggesting that a move above Y111.20 could influence the
next leg higher. Support Y110.50/40. Y110.00 holds strike of an expiring option
for today's NY cut, $1.36bn, with a total in excess of $4bn through next week
with this strike. 
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.