Free Trial

Strong demand into today's Tokyo fix.....>

DOLLAR-YEN
DOLLAR-YEN: Strong demand into today's Tokyo fix has seen the pair climb to a
top so far of Y113.36. Nikkei is mildly supportive, the cash indexed opened
lower by 0.17%, but has bounced back into positive territory and now trades up
by 0.10%. It is worth noting, large option strikes that roll off today at
Y113.00 for US$2.86bn,  may prove to be magnetic as we approach expiry time.
Resistance is located at Y113.48 (Dec25 high), while yesterday's base at Y113.12
provides initial support. 

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.