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Free AccessUSD/JPY posted a modest uptick...........>
DOLLAR-YEN: USD/JPY posted a modest uptick overnight and last sits at Y109.65,
as the Nikkei 225 struggled to find clear direction & closed virtually unch.
- Bulls continue to focus on yesterday's YTD high of Y110.00 before challenging
the upper 1.0% 10-DMA envelope at Y110.27. Meanwhile, initial downside focus
falls on yesterday's low of Y109.33, while the next layer of support is provided
by the 21-DMA at Y109.12.
- Japanese focus turns to the Tokyo CPI due tomorrow, while Friday's BoJ Rinban
ops will also be of interest. Elsewhere, BoJ Gov Kuroda will speak at 0830GMT.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.