Free Trial

USD/JPY Lurches Higher into the Month-End Fix

JPY
  • Sizeable lurch higher in USDJPY in recent trade, just ahead of the month-, quarter- and half-year end fix.
  • USD/JPY briefly showing above the Monday high of 110.98.- Move contrasts with most month-end models that'd seen USD sales into the June month-end.
  • Move in USD/JPY coincides with best volumes of the day for JPY futures, with just shy of 5,000 contracts changing hands inside the past five minutes - that's a cash equivalent of around $550mln.
  • USD strength evident across most major pairs now, with GBP/USD, EUR/USD also hitting the day's lows.

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.