Free Trial

Supported by firmer US rate yields and...>

DOLLAR-YEN
DOLLAR-YEN: Supported by firmer US rate yields and higher Japanese equities,
dollar-yen broke above Friday's Y112.74 high and posted a top of Y112.83.
Reported supply from Japanese corporates has since seen the dollar fall back to
Y112.60. Local traders suggest further range trading is likely with in excess of
$4.3 billion worth of strikes rolling off today between Y112.00 and Y113.00.
Hourly support is located around Y112.50, while resistance remains firm at
Y112.86/89, the area holds 55-dma and 50% fib Y113.75-Y112.03 decline.
Dollar-yen was last at Y112.64.

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.