Free Trial

The dollar opened in Asia at Y110.32.....>

DOLLAR-YEN
DOLLAR-YEN: The dollar opened in Asia at Y110.32 toward the lower side of the
Y110.25 to Y110.83 range witnessed by European and US markets yesterday, where
dollar strength amid upbeat US data gave way to safe haven flow following
Trump's 'fire and fury' comments to North Korea. There is no local data to
impact trading, regional equities will be sourced for early direction, Nikkei
futures closed in New York down 0.15%. Initial support is located at Y110.13
(76.4% fib Y109.85-Y111.05) with hourly support then seen at Y110.00, while
hourly resistance is found in the mid-Y110.50's. Dollar-yen was last at Y110.33.

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.