Free Trial

Tuesday's risk on flows allowed..........>

DOLLAR-YEN
DOLLAR-YEN: Tuesday's risk on flows allowed USD/JPY to print a high of Y112.39
in late NY/early Asia trade, although modest pressure on the USD (driven by
Brexit news & cable) has allowed the pair to ease back to Y112.25.
- The pair's positive picture remains intact above Y111.60. The close above
Y112.00 brings the July 19 high (Y113.17) back into view. Bears need a move back
below Y111.60 to return the outlook to neutral and target the 100-DMA (Y110.71).
- Focus remains on today's BOJ MonPol decision & ruling LDP party leadership
election, due tomorrow.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.