Free Trial

USD/JPY last trades flat at Y109.81......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last trades flat at Y109.81 after falling 15 pips Thursday,
as the top White House econ adviser Kudlow poured some cold water on exp. of a
U.S.-China trade deal in the nearest future, tempering broader risk appetite,
before U.S. President Trump confirmed earlier rumours that he will not be
meeting with Chinese President Xi before the March 1 tariff deadline. 
- Initial bearish target is provided by Y109.61, where the rate bottomed
Thursday, and a fall below would shift the downside focus to the 21-DMA at
Y109.38. Bulls keep an eye on the psychological Y110.00 level, briefly breached
on several occasions Thursday. A jump above would open up Thursday's high/YTD
high of Y110.09/16. 
- BoP data headlines today's Japanese economic docket, while BoJ 1-10 Year
Rinban ops will also attract 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.