Free Trial

Usd/Jpy: European open Y113.56, range...>

YEN SUMMARY
YEN SUMMARY: Usd/Jpy: European open Y113.56, range Y113.32-57, NY open Y113.35,
range Y113.24-53.
*Usd/Jpy opened the European session on a heavy tone, slippage through the Asia
low extended to Y113.38 before fading
*Recovery efforts held shallow for the balance of the session, rate drifted to
Y113.32
* Reports of an explosion in NYC brought some risk off sentiment to the market
briefly, however, this soon dissipated.
* Usd/Jpy pared early NY losses in tandem with firmer UST yields to Y113.42.
Despite this recovery efforts held shallow with immediate support at Y113.24
(Intraday low), option-related demand behind through Y113.10/00 (Expiry
$1.06bn).
* Eur/Jpy felt the weight of Usd/Jpy, touched pullback lows of Y133.56 before
recovering to the Y133.70/75 area.
* The pair remained choppy for much of the trading day oscillating between
Y133.54-89.

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.