Free Trial

USD/JPY last Y112.49, down 5 pips on.....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last Y112.49, down 5 pips on the day thus far, after losing
another 32 pips yesterday after benchmark U.S. stock indices registered notable
losses, weighing on USD & benefitting the safe haven yen. The slip in equities
occurred on the back of broader global trade worries as well as reports of Apple
curbing orders for three iPhone models. 
- Meanwhile, the Nikkei 225 opened lower today & the performance of domestic
equities remains a factor to watch. 
- Bears look for a clean break below yesterday's low at Y112.42, before
targeting the 100-DMA at Y112.05. Conversely, bulls eye the 55-DMA at Y112.72
before challenging the 50-DMA at Y112.87. 
- Japanese points of note this week include BoJ Rinban ops & domestic CPI due
Thursday. As a reminder, Japan will observe national holiday on Friday.

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.