Free Trial

YEN SUMMARY: Usd/Jpy: Dec7 close........>

YEN SUMMARY
YEN SUMMARY: YEN SUMMARY: Usd/Jpy: Dec7 close Y113.12, Dec8 Asia range
Y113.08-42, Europe Y113.38-58
*Eur-Jpy: Dec7 close Y133.12, Dec8 Asia range Y133.12-43, Europe Y133.20-46
*The firm dollar tone spilled over into Asia after President Trump announced
infrastructure plans in January and the Senate passed a temporary spending bill
to fund the government to Dec 22
*Usd/Jpy challenged reported offers around the Y113.20/25 area, but soon faded
*Tokyo-fixing demand supported the dip, firmer UST yields extended To Y113.39
*A period of consolidation saw the pair hold a narrow 10 pip range, before fresh
demand out of Tokyo triggered reported stops through Y113.40
*Dollar momentum continued throughout the European morning session. A
combination of firmer UST yields with added support via Gbp/Jpy (Brexit deal to
move to next stage), lifted to Y113.59
*Eur/Jpy largely consolidated Y133.20-46 and held near the base with added
weight from Eur/Usd
*Main focus today on US Non-Farm Payroll data (1330GMT) for clearer direction.

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.