Free Trial

Usd/Jpy: European open Y112.79, range...>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: European open Y112.79, range Y112.67-92, NY open Y112.84,
range Y112.81-113.00
*Usd/Jpy touched extended pullback lows of Y112.67, dip buyers cushioned, firmer
UST yields aided the recovery to Y112.80/85.
*As NY arrived firmer US Tsys Yields pushed the rate back towards Y112.90.
* The dollar received a small lift, as US Tsys Yields firmed and profit takers
emerged in gold, usd/yen followed suit grinding back over Y113.00.
*Pressure on the pair as US Tsys Yields fell sharply and gold had a
small rally saw the rate drop back towards Y112.80.
*The pair remained in consolidation mode for the remainder of the session
following moves in US Tsys Yields and gold. The pair bounced between Y112.80-90.

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.