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Why MNI
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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.
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Free AccessUSD-YEN: European open Y112.68, range...>
YEN SUMMARY: USD-YEN: European open Y112.68, range Y112.12-112.68, NY open
Y112.23, range Y112.06-112.27
*The dollar continued defensive in early Europe and moved through
support from the Asia low to Y112.43.
*With the dollar under persistent selling pressure in the European morning,
Usd/Jpy touched extended pullback lows of Y112.12 before losing momentum ahead
of NY.
*Early NY saw renewed dollar pressure, as US Tsys Yields slipped and gold
firmed, the rate drifted to fresh session lows of Y112.06.
*Having earlier stalled ahead of support from the 100-dma (Y112.05),
the dollar continued to pare losses with recovery efforts extending to the
Y112.23/28 area.
*The pair came under fresh pressure at the 4PM WMR with the rate dropping back
towards Y112.10. As the fix ended the rate grinded back towards Y112.30. The
rate bounced between Y112.20/30.
*The dollar gets a lift towards the close with rate grinding towards Y112.40.
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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.