Free Trial

The Eur/Usd break of $1.2500 and.........>

DOLLAR-YEN
DOLLAR-YEN: The Eur/Usd break of $1.2500 and subsequent move to 3 year highs of
$1.2537 further pressured Usd/Jpy to Y108.64. President Draghi remarks of 'few
chances of a rate hike this year' weighed on the EUR allowing Usd/Jpy to extend
its recovery to the Y109.05/10 area. Onshore demand remains at Y108.50,
resistance at Y109.47 (Asia high). Last Y109.10. 

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.