Free Trial

USD/JPY moved lower after the Tokyo......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY moved lower after the Tokyo open on Monday, in sync with a
lower Nikkei 225, as risk off flows centering on an Axios story which stated
that President Trump has no intention of easing his tariffs on China played out.
- This was before a buoyant session for Chinese equity markets allowed the rate
to recover.
- USD/JPY last deals at 112.62. Bears need a close back below Y112.00 before
challenging up trendline support at Y111.78. Bulls need to reclaim Thursday's
high at Y112.73 to resume a recovery.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.