Free Trial

Understandably, with Tokyo markets.........>

EURO-YEN
EURO-YEN: Understandably, with Tokyo markets closed for 'Labour Thanksgiving
Day' it has been a less than inspiring start to the new trading day, the cross
confined to a Y131.44 to Y131.54 range. In the absence of any significant data
is Asia, local traders anticipate consolidation ahead of the European open and
release of German Q3 GDP. Trend-line support drawn off Y127.56 low is noted at
Y131.33, a break to expose Y131.03/99, the level holds 50% fib retracement on
Y127.56-Y134.50 decline and daily cloud base, while hourly resistance lies just
ahead of Y131.80. Euro-yen was last at Y131.51.

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.