Free Trial

Usd/Jpy: Dec12 close Y113.49, Dec13.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Dec12 close Y113.49, Dec13 Asia range Y113.13-58, Europe
Y113.31-45
*Eur-Jpy: Dec12 close Y133.30, Dec13 Asia range Y133.05-36, Europe Y133.04-34
*Usd/Jpy opened flat in Asia, early dealings were seen light tied to a narrow
Y113.42-58 range
*News that Democrat Jones had won the Senate election triggered modest dollar
weakness across the board, rate touched lows of Y113.13 but soon recovered to
hold either side of Y113.35 for the balance of the session
*Usd/Jpy witnessed an uneventful European morning session, trade volumes
remained light held to a narrow Y113.31-45 range with main focus on tonight's
FOMC for direction
*The FOMC are widely expected to hike rates 25bp, though markets expect their
tone to be dovish
*Eur/Jpy drifted with Eur/Usd to Y133.04, before demand ahead of Y133.00
cushioned falls. Rate later recovered to the Y133.20/30 area.

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.