Free Trial

USD/JPY: Asia open Y112.70, range.......>

YEN SUMMARY
MNI (London)
YEN SUMMARY: USD/JPY: Asia open Y112.70, range Y112.33-79. Europe open Y112.59,
range Y112.55-73.
* US NFP/AHE release Friday saw Usd/Jpy spike to Y113.44 then drop back to
Y112.61 on risk positioning into the long weekend. 
* Comment suggested that N.Korea close to testing a long range missile prompted
risk move.
* Rate initially jumped to Y112.79 in opening Asia as no action reported from
N.Korea. 
* Rate then dropped back to Y112.33 as market sold Try/Usd, prompted by the visa
spat between Turkey and US. 
* Rate recovered to Y112.67 with trade contained within Y112.55/70 through to
the Europe open.
* Rate did manage to extend topside to Y112.73 on Eur/Jpy demand, but this
proved short lived as rate settled between Y112.60/70. 
* Markets were seen generally subdued following Tokyo holiday and this
afternoon's holidays in US and Canada. 
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.