Free Trial

USD/JPY has consolidated Thursday's......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has consolidated Thursday's downtick, which was mainly a
result of the USD side of the equation, rate last dealing at Y109.34, 3 pips
lower on the day, holding a 10 pip range thus far.
- Little of note on the domestic front in Asia hours, with the source reports
re: the FY20/21 budget details confirmed in today's official release.
- Bears want to force a break of Y109.00 and the Dec 13 low at Y108.99. To the
upside, bulls continue to focus on Y109.73, the Dec 2 high and key resistance.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.