Free Trial

USD/JPY trades flat at Y113.25 thus......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY trades flat at Y113.25 thus far, having edged lower
yesterday. The rate ticked up in the Asia-Pac session yesterday, lifted by
modest risk on flows, but eased off thereafter as USD lost steam. 
- Bears look to yesterday's low at Y113.14 and a break below would open up
Y113.03 representing the 50-DMA. On the topside, initial focus falls on
yesterday's highs of Y113.52, followed by the 76.4% fibo retracement of the move
from Y114.04 to 112.24/Dec 4 high at Y113.62/66. 
- Japanese highlights this week include BoJ Tankan survey & BoJ Rinban ops due
Friday.

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.