Free Trial

Usd/Jpy: Europe open Y113.32, range.....>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: Europe open Y113.32, range Y113.24-50, NY open Y113.37,
range Y113.26-113.43
*A wave of selling hit into Tokyo on reaction to German ForMin warning on effect
of minority German govt.
*Usd/Jpy was side lined, held Y113.27-39 though noticeable that it didn't track
initial cross move lower.
*A very quiet session through the European morning which spilled over into NY,
with the rate hovering close to the session high of Y113.45.
*The dollar lost ground across the board, as US Tsys Yields slipped and gold
remained buoyant, as the shortened session started to wrap up, the rate dropped
towards Y113.25.

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.