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USD/JPY trades 35 pips lower, last at....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY trades 35 pips lower, last at session lows of Y111.01 as
U.S. stock index futures trade lower on the day following Wednesday's huge
rally. Nikkei 225 last trades ~2.9% in the wake of Wall St.'s Wednesday rally,
well shy of the early session highs, pulling back alongside U.S. index futures.
- The rate has broken below the 200-DMA at Y111.04, with bears now looking to
the Dec 20 low at Y110.81, followed by the Dec 26 low of Y110.14.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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