Free Trial

USD/JPY last deals at Y109.97,...........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last deals at Y109.97, unchanged on the day, after finishing
7 pips higher Tuesday & staying within a ~25 pip range throughout the day.
Y110.00 continues to provide the key near-term resistance level, after the rate
tested it/looked above several times on Tuesday, but ultimately failed to close
above the figure. A move through the level would bring the YTD high of Y110.16
into view, ahead of the upper Bollinger band (2%) at Y110.30. Meanwhile, bears
look for a fall below Y109.78, where USD/JPY bottomed Tuesday, hoping to gain
some momentum. 
- Japanese trade balance (BoP basis) hits on Friday, while BoJ Rinban ops will
also be of interest.

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.