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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.
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Free AccessUSD/JPY last trades at Y110.80, 20.......>
DOLLAR-YEN: USD/JPY last trades at Y110.80, 20 pips worse off on the day, as the
Nikkei 225 posted a downtick late in the Asia-Pac session (and finished ~0.8%
lower), with the rate following suit. There are questions surrounding the
Trump-Kim summit after the schedule was quickly changed around 30 minutes ago.
- The yen failed to benefit from a modest risk-off theme earlier in the session,
as Japanese industrial output & retail sales both missed expectations.
- Bears keep an eye on the 100-WMA at Y110.78 and a breach of that level would
allow them to target Y110.62, which represents the down trendline from Dec 14.
Conversely, bulls need to clear the psychological Y111.00 level before
attempting a run at Monday's YTD high of Y111.24.
- The BoJ is set to announce its Rinban plans for the month of March after
market. Japanese focus will then turn to domestic labour mkt data, CapEx, Tokyo
CPI & Nikkei m'fing PMI due Friday.
To read the full story
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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.