Free Trial

USDJPY Volatility Continues As Pair Slides 120 Pips in Minutes

JPY
  • Fresh round of Yen buying in recent trade takes USDJPY back on a 155 handle and as low as 155.11, just over a big figure lower in a few minutes.
  • Spot still well off the earlier 154.54 lows, however, given today's volatility amid suspected MoF intervention, it may be a matter of time.
  • As a reminder, initial key technical support to watch lies at 154.01, the 20-day EMA.

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.