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Yen demand has been apparent over the last......>

YEN
YEN: Yen demand has been apparent over the last hour or so as US Tsys have
caught a bid & equities have sold off. Around an hour ago Peter Navarro, US
Director of Trade and Industrial Policy told Fox that "the next thing on the
chess board is to deal with... China stealing our technology." Adding to
incoming NEC chair Kudlow's anti-China rhetoric.
- USDJPY is sub-106.00, initial support seen at 105.79 hourly support from Mar
7. EURJPY is trading at 131.05, with 130.95, the low from Mar 12, the initial
point of interest below the figure. AUDJPY trades around 83.35, with support
seen at 83.32, the high from Mar 6.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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