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Touched an extended low of Y109.16.......>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Touched an extended low of Y109.16 into the 1600GMT fix, holding
just shy of its Jan22 low of Y109.15. Rate has since edged back toward Y109.30
at writing. JPY strength followed the downtick in equities from the open -
corporate earnings have disappointed Monday, with Caterpillar and Nvidia in
particular falling sharply and dragging their respective indices. Below Y109.15
and expect support to emerge into Y109.00 (Y109.01 21-dma/Y109.00 50% Fibo
Y107.99-110.00). 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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