Free Trial

Yen is slightly weaker post-BoJ,.........>

DOLLAR-YEN
DOLLAR-YEN: Yen is slightly weaker post-BoJ, although remaining firmly on hold,
the BoJ did lower slightly their inflation forecasts, core CPI for 2017/18 is
now expected at 0.8% from 1.1% in July, 2018/19 now 1.4% from 1.5% projected in
July. Dollar-yen climbed from around Y113.10 to Y113.28 and currently sits at
Y113.18. Nikkei is in the lunch break down 0.36% and due to re-open shortly.
Immediate support lies at Y112.97 (Ichimoku cloud baseline), with the 21-dma
seen below at Y112.91. Topside, descending hourly trend-line resistance drawn
off Y114.45 high comes in near Y113.30.

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.