Free Trial

The dollar opened in Asia at Y109.04.....>

DOLLAR-YEN
DOLLAR-YEN: The dollar opened in Asia at Y109.04 toward the lower side of
yesterday's Y108.82 to Y109.83 range, where risk-aversion following Trump's
comments pressured the yen higher. There is no significant economic data in Asia
to drive markets, regional equities will be garnered for direction, Nikkei
futures closed in New York -0.36%. Support lies at Y108.92 (overnight low &
76.4% fib Y108.64-Y109.83), a break opens Y108.60-64 (Aug18 & 21 lows), while
hourly resistance is located at Y109.22. Dollar-yen was last at Y108.97 and the
range so far has been Y108.96 to Y109.04.

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.