Free Trial

The pullback off Asia traded highs.......>

DOLLAR-YEN
DOLLAR-YEN: The pullback off Asia traded highs (Y107.90) extended to Y107.34
with added weight via the crosses. EUR, GBP, AUD and NZD/JPY all sit near or at
their respective daily lows. Immediate support is now seen at Y107.05/00, a
break opens Y106.45/35 (Hourly low-highs Feb16-19). Main focus today turns to
the FOMC minutes (1900GMT) which should give us a signal that there could be 4
rather than 3 rate hikes this year. Investors will also pay attention to
language around inflation and context to the added word "further" in further
gradual increases. Usd/Jpy last Y107.45.  

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.