Free Trial

USD: A full reversal in the USDJPY

USD
  • From the worst overnight performer against the Dollar in G10 (down 0.21%), to now the best performer, up 0.36%, the Yen has seen another Volatile 114 pips session.
  • Last Week's low of 114.16 has held in Tnotes (TYZ4), and the Futures contract is slowly moving back towards flat on the day (lower Yield), with Treasuries underpinned following the European PMI misses ahead of the US session.
  • USDJPY is through a new intraday low, some might look at the 143.00 figure next, while small support is seen at 142.83.
  • Much further out, 141.74 was the printed low on the BoJ Friday.
97 words

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.
  • From the worst overnight performer against the Dollar in G10 (down 0.21%), to now the best performer, up 0.36%, the Yen has seen another Volatile 114 pips session.
  • Last Week's low of 114.16 has held in Tnotes (TYZ4), and the Futures contract is slowly moving back towards flat on the day (lower Yield), with Treasuries underpinned following the European PMI misses ahead of the US session.
  • USDJPY is through a new intraday low, some might look at the 143.00 figure next, while small support is seen at 142.83.
  • Much further out, 141.74 was the printed low on the BoJ Friday.