Free Trial

USD/JPY last trades at Y110.55, a........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last trades at Y110.55, a handful of pips lower on the day,
after a very tepid Asia-Pacific session for the pair. The Nikkei 225 finished
0.5% higher.
- There was some central bank speak overnight, provided by BoJ Gov Kuroda, Dep
Gov Amamiya and Board Member Kataoka. Kuroda told Japanese lawmakers that the
BoJ is unlikely to hit its price target by the end of FY2020, Amamiya's speech
centred around digital FX, while Kataoka maintained his line of dissent re:
MonPol.
- Bears keep an eye on the Feb 19 low of Y110.45, followed by the 21-DMA,
located a further 20 pips below. Conversely, bulls look to the down trendline
from Dec 14 at Y110.68, ahead of Y110.75, which represents the 100-HMA.
- Japanese focus turns to industrial output due tomorrow, as well as labour mkt
data, Tokyo CPI & Nikkei m'fing PMI due Friday. Elsewhere, BoJ's Suzuki will
speak tomorrow.

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.