Free Trial

USD/JPY posted a leg lower after U.S.....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: USD/JPY posted a leg lower after U.S. Senate passed an act aimed at
supporting Hong Hong protests, prompting risk-off and a move back into
safe-havens. Beijing voiced their annoyance and said that if the law passes it
will enact retaliations, though what that could entail. USD/JPY was pressed
through support at Y108.50 to Y108.36 but managed to settle back around Y108.50
through to the Europe open. Opening Europe trade took rate to Y108.57 then
dropped back to Y108.38, currently around Y108.40. USD/JPY remains the barometer
of risk. Support Y08.24, Y108.00, Y107.89. Resistance Y108.80/85.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@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.