Free Trial

USD/JPY continues to be the talisman.....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY continues to be the talisman for the dollar's recovery since
Friday having risen over 1.5% from last week's lows at the time of writing. As
US yields continue to climb (particularly in the shorter-end) ahead of $258bln
treasury supply across the week the dollar remains supported, lifting USD/JPY
closer to the near-term target of Y107.40/43. This marks the 23.6% Fib level for
the Y113.39-105.55 move and the 38.2% Fib level for the Y110.48-105.55 move
respectively. September lows coming in at Y107.32 also worth keeping an eye on
at current levels.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@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.