Free Trial

Inside Range


BLOCK, 10Y Ultra Sale


Looks Through ECB to Finish Flat

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
DOLLAR-YEN: USD/JPY was offered yesterday, as tensions arising from public
criticisms of China over the coronavirus outbreak dented risk sentiment, with
signals of a spill-over into international trade matters. Beijing banned meat
from four Australian abattoirs, while some U.S. lawmakers drafted a "sanction
bill" vs. China. Wider worry about the Covid-19 situation was also evident.
USD/JPY sales resulted in a return below the 50-DMA/a former breakout level.
- The pair has inched higher this morning, moving away from yesterday's lows,
and last sits +8 pips at Y107.21. Bulls need a break above May 11 high of
Y107.77 before targeting Apr 16 & 17 highs of Y108.08. Bears would be pleased by
a pullback under May 11 low of Y106.40, towards the key support from May 6 & 7
lows ofY105.99.
- Looking ahead: Japan's BoP data & Eco Watchers Survey are due later today,
flash machine tool orders are due Thursday, while PPI comes out on Friday.
MNI London Bureau | +44 203-865-3806 |
MNI London Bureau | +44 203-865-3806 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.