Free Trial

The pair opened in Asia at Y110.49.......>

DOLLAR-YEN
DOLLAR-YEN: The pair opened in Asia at Y110.49 toward the upper side of
yesterday's Y109.91 to Y110.69 range, where firmer US rate yields and higher
equities underpinned the dollar. US rate yields and regional equities will be
sourced for direction during the session, Nikkei futures closed in New York
+0.3%. Key resistance is located at Y110.91 (50% fib Y114.49-Y107.32), initial
hourly support is located at Y110.38, with demand then reported Y109.90-Y110.00.
Dollar-yen was last at Y110.52

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.