Free Trial

US implements the threatened tariffs.....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: US implements the threatened tariffs on Chinese imports but reaction
so far fairly muted. JPY has seen risk inflows, which has taken USD/JPY back
below recent support level of Y109.70, but so far holds off Thursday's low of
Y109.47. Despite this implementation there appears to be some distant hope that
a deal can be reached as talks are due to continue today. Rate currently trades
around Y109.66 after reaction to the tariffs took rate to an intraday low of
Y109.62. EUR/JPY trailed the move lower leaving EUR/USD relatively firm. Support
now seen into Y109.50/45
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@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.