Free Trial

Yen Firms In Early Trade

FOREX

The Yen has ticked lower through todays Asian session as Friday's move lower continues through early Asia-Pac trade. USD/JPY has ticked away from early session lows as Tsy Yields pare some of Friday's losses. Elsewhere in the cross asset space Gold touch record highs and US Equity Futures are marginally lower.

  • USD/JPY prints at ¥146.35/40, ~0.3% lower this morning. Support comes in at ¥145.91, the low from Sep11 and ¥144.45, low from Sep 1.
  • AUD/USD is a touch higher however ranges remain narrow. The pair last prints at $0.6680/85. Resistance comes in at $0.6711, 2.0% 10-DMA Envelope.
  • Kiwi is also marginally firmer and is consolidating above the $0.62 handle. A ~20pip range has persisted for the most part.
  • Elsewhere in G-10 there are no moves of note to report.
  • The data docket is thin for the remainder of today's Asian session.

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.