Free Trial

USD/JPY has added a handful of pips,.....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has added a handful of pips, ahead of the release of
Japanese trade balance, and last trades at Y109.51.
- Bulls keep an eye on Y109.73, where the rate peaked on Dec 2, before targeting
the May 30 high of Y109.93. Conversely, bears look for a dip through the Y109.00
mark. Below there opens the 50-/200-DMAs at Y108.83/77.
- The rate shed a few pips on Monday, but generally stuck to a tight range,
charting an inside day. JPY benefited from its safe haven status amid a broadly
cautious mood. Better than forecast U.S. data failed to bump the rate into
positive territory.
- The BoJ will deliver its last MonPol decision of this year on Thursday, while
Friday will see the publication of Japanese CPI data.

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.