Free Trial

USDJPY eye next resistance

USD
  • USDJPY extends gains and now target immediate small resistance at 115.30.Risk on and higher Yield keeps the pair underpinned.
  • US PMI beat is also keeping the lid on Treasuries.
  • Still note that all the volumes that are going through are spread related.
  • TYH2/TYM2 has traded 900k outright, and likely more has been done on legs, with over a Million lots traded in the June contract.

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.