Free Trial

Stubborn sellers ahead of Y113.00 has....>

DOLLAR-YEN
DOLLAR-YEN: Stubborn sellers ahead of Y113.00 has seen the dollar drift off to
Y112.66, encouraged by softer US rate yields and the Nikkei, the cash index now
in negative territory by 0.22%. Support is seen at Y112.44 (Asia low), with some
traders expecting the gap from Friday's New York close at Y112.17 to be filled.
Topside, resistance is seen at Y113.13-14 (Daily cloud top, Nov27 high), above
there key-resistance lies at Y113.24 (61.8% fib retracement Y114.73 to Y110.84
decline). Dollar-yen was last at Y112.71.

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.