Free Trial

USD/JPY ticks higher alongside...........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY ticks higher alongside e-minis, last +15 pips around
Y106.45, with JPY at the bottom of the G10 FX pile in early Asia dealing. Still,
the rate sits shy of yesterday's peak, and well short of the 20-day EMA/Apr 30
Recovery High, which present the initial areas of notable resistance.
- Market source has touted some CAD/JPY buying out of Tokyo on the move.
- Worth having a quick flick through the earlier bullet we posted re: touted
Japanese fiscal measures, per the Nikkei.
- On the local date front we have seen real cash earnings come in on the softer
side, while household spending was weak, but not quite as soft vs. median exp.
- Not much to watch out for on the local docket for the remainder of the day on
the FX side, so eyes on the broader risk backdrop and any bigger picture news
flow/local COVID-19 matters.
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.