Yen Commentary for 5-Jul-08

Receive this report via email for free

Compelling Content for Websites & Investors
Show this report on your site

Japanese Yen Commentary provided by GCI Financial Ltd:
Tables & Charts

The yen depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the ¥106.90 level and was supported around the ¥105.75 level. Traders lifted the pair to intraday highs during the North American session after the release of disappointing U.S. non-farm payrolls data and initial jobless claims data. Group of Eight policymakers will convene in Hokkaido next week and a German government source indicated inflation will be the number one topic for discussion, especially with oil topping $146 today. Capital flows data saw foreigners as net sellers of Japanese equities for the first time in seven weeks. The Nikkei 225 stock index lost 0.16% to close at ¥13,265.40. Dollar bids...continued 

Yen Focus
 
Day's Change 52-Week High 52-Week Low

Instrument

Current

 Points % Date Value Date Value
Exchange Rates

5-Jul-08
AUD/JPY This marker indicates the current chart. 102.1140 -0.4354 -0.43% 19-Jul-07 107.6066 16-Aug-07 88.8743
CAD/JPY This marker indicates the current chart. 104.2451 -0.7205 -0.69% 6-Nov-07 125.4476 28-Mar-08 97.1205
CHF/JPY This marker indicates the current chart. 103.5749 -0.5105 -0.49% 26-Jun-08 104.4807 16-Aug-07 92.9076
EUR/JPY This marker indicates the current chart. 167.5000 -0.1900 -0.11% 25-Jun-08 169.0800 16-Aug-07 151.5700
EUR/JPY Fwd-1 Yr This marker indicates the current chart. -649.8000 0.0000 0.00% 8-Feb-08 -457.2000 16-Jun-08 -678.0000
GBP/JPY This marker indicates the current chart. 210.8200 -0.8600 -0.41% 18-Jul-07 250.2900 17-Mar-08 194.0900
USD/JPY This marker indicates the current chart. 106.3000 -0.3900 -0.37% 6-Jul-07 123.2800 17-Mar-08 97.0000
USD/JPY Fwd-1 Yr This marker indicates the current chart. -239.0000 0.0000 0.00% 16-Mar-08 -123.0000 9-Jul-07 -539.0000
 
Interest Rates

5-Jul-08
USD 1W LIBOR This marker indicates the current chart. 2.4570% -0.0050% -0.20% 10-Aug-07 6.0060% 23-May-08 2.2940%
USD 6M LIBOR This marker indicates the current chart. 3.1300% -0.0040% -0.13% 5-Sep-07 5.5950% 17-Mar-08 2.3660%
 
Indices

5-Jul-08
Hang Seng This marker indicates the current chart. 21,423.82 181.04 0.85% 30-Oct-07 31,638.22 17-Aug-07 20,387.13
NASDAQ This marker indicates the current chart. 2,245.38 -6.08 -0.27% 31-Oct-07 2,859.12 10-Mar-08 2,169.34
Nikkei 225 This marker indicates the current chart. 13,237.89 -27.51 -0.21% 9-Jul-07 18,261.98 17-Mar-08 11,787.51
 

source: DTN Market Access

part 1...are cited around the ¥103.00/ 101.35 levels. The euro moved higher vis-à-vis the yen as the single currency tested offers around the ¥169.10 level and was supported around the ¥168.00 figure. The British pound and Swiss franc appreciated vis-à-vis the yen as the crosses tested offers around the ¥211.90 and ¥105.05 levels, respectively. The Chinese yuan appreciated vis-à-vis the U.S. dollar as the greenback closed at CNY 6.8510 in the over-the-counter market, down from CNY 6.8530 and the pair’s lowest close since the yuan revaluation of July 2005.

SUPPORT   RESISTANCE

 
L1.       101.95 106.60 
L2.       100.60 109.95
L3.       98.75   113.30

top

Receive this report via email for free

GCI Financial Ltd is a leading provider of professionally- managed foreign exchange investment services and offers a comprehensive online foreign exchange trading/ dealing platform for individual and institutional clients. www.gcitrading.com.

© 2002 theFinancials.com & GCI Financial Ltd
All rights reserved.  Republication or redistribution of this content is expressly prohibited without the prior written consent of theFinancials.com & GCI Financial Ltd

DISCLAIMER: Commentary and market information is provided for informational purposes only.  The information contained in this report is gathered from reputable sources and is not intended to be used as investment advice.  theFinancials.com assumes no responsibility or liability from gains or losses incurred by the information herein contained.