Free Trial

USD/JPY last trades 10 pips or so........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last trades 10 pips or so higher, just shy of Y111.40. JPY
failed to benefit from safe haven flow on Thursday.
- The pair had little to no reaction to a slightly disappointing set of Japanese
CPI data.
- From a technical perspective, having formed a solid base at the 200-DMA, the
pair made light work of resistance at Y111.04 to shift the outlook further into
positive territory. The ichimoku cloud base is next up (Y111.47) & a move above
here would open up a test of August's best levels (Y112.15). Bears are certainly
on the back foot and will need a close below the 200-DMA (Y109.84).
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.