Free Trial

U.S. Sellers Weigh In Early Asia Trade

DOLLAR-YEN

Broader USD weakness and a late pullback in U.S. yields on a firm 5-Year auction weighed on USD/JPY on Wednesday, with contacts pointing to pressure from U.S. names in the early round of Asia-Pac dealing, which allowed the rate to move below yesterday's lows, bottoming at Y105.84 thus far, still some way away from initial support in the form of the Aug 21 low at Y105.44.

  • Little of note on the Japanese docket today, with focus on the health of PM Abe likely to continue ahead of his touted Friday address.
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.