Free Trial

USD: USDJPY is down 1% going into the European session

USD
  • Some decent upside continuation in the Yen in early trade, USDJPY was down some 0.85% as Europe started to come in, but it is now down close to 1%, testing the 150.00 Figure.
  • US Yield have pushed away from their highs, but overnight Desks point to positioning ahead of the Japanese CPI Tonight.
  • Bloomberg Consensus are going for a CPI beat.
  • Next immediate support in USDJPY comes at 149.69 Low Dec 9.
69 words

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.
  • Some decent upside continuation in the Yen in early trade, USDJPY was down some 0.85% as Europe started to come in, but it is now down close to 1%, testing the 150.00 Figure.
  • US Yield have pushed away from their highs, but overnight Desks point to positioning ahead of the Japanese CPI Tonight.
  • Bloomberg Consensus are going for a CPI beat.
  • Next immediate support in USDJPY comes at 149.69 Low Dec 9.