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Yen Commentary for 17-Aug-06
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Japanese Yen
Commentary provided
by Blair Baker at Global
Financial, Ltd..:
Tables & Charts
The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the ¥115.65 level and was capped around the ¥116.35 level. Technically, today’s intraday high was right around the 61.8% retracement of the move from ¥117.85 to ¥113.95. Minutes from Bank of Japan’s Policy Board meeting from 13-14 July were released overnight and they evidenced a unanimous vote to keep interest rates unchanged. Notably, some policymakers suggested the BoJ needs to avoid the impression that it is “rushing” to raise interest rates. Data released in Japan overnight saw the June leading index revised to 54.5 from 50.0. The Nikkei 225 stock index gained 1.61% to close at ¥16,071.36. Dollar bids are cited around the ¥115.45/ 114.90 levels. The euro moved higher vis-à-vis the yen as the...continued
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Yen Focus |
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 Click Charts to Enlarge
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Day's Change
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52-Week High
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52-Week Low
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Instrument |
Current |
Points |
% |
Date |
Value |
Date |
Value |
| Exchange Rates |
17-Aug-06 |
AUD/JPY  |
 |
88.7247 |
0.0023 |
0.00% |
6-Dec-05 |
91.0332 |
28-Mar-06 |
82.5483 |
CAD/JPY  |
|
103.3414 |
0.0107 |
0.01% |
6-Dec-05 |
104.4685 |
17-Aug-05 |
90.5884 |
| CHF/JPY |
|
94.1708 |
0.3940 |
0.42% |
16-Aug-06 |
94.1708 |
22-Aug-05 |
86.4273 |
| EUR/JPY |
|
148.6900 |
0.3200 |
0.22% |
16-Aug-06 |
148.6900 |
22-Aug-05 |
134.2000 |
| EUR/JPY Fwd-1 Yr |
 |
-435.4000 |
0.0000 |
0.00% |
22-Aug-05 |
-281.6000 |
15-Aug-06 |
-436.4000 |
| GBP/JPY |
 |
219.3700 |
-0.2900 |
-0.13% |
14-Aug-06 |
220.2800 |
22-Aug-05 |
197.5100 |
| USD/JPY |
|
115.6900 |
-0.3100 |
-0.27% |
7-Dec-05 |
121.0000 |
5-Sep-05 |
109.1600 |
| USD/JPY Fwd-1 Yr |
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-543.0000 |
0.0000 |
0.00% |
5-Sep-05 |
-428.0000 |
22-Jun-06 |
-588.0000 |
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| Interest Rates |
17-Aug-06 |
| JPY 1W LIBOR |
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0.3500% |
-0.0013% |
-0.37% |
21-Jul-06 |
0.3563% |
30-Dec-05 |
0.0419% |
| JPY 6M LIBOR |
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0.5013% |
0.0032% |
0.64% |
13-Jul-06 |
0.5038% |
16-Jan-06 |
0.0806% |
| USD 1W LIBOR |
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5.3100% |
-0.0020% |
-0.04% |
4-Aug-06 |
5.3860% |
22-Aug-05 |
3.5540% |
| USD 6M LIBOR |
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5.4880% |
-0.0270% |
-0.49% |
29-Jun-06 |
5.6400% |
2-Sep-05 |
3.8490% |
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| Indices |
17-Aug-06 |
| DJIA |
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11,327.12 |
96.86 |
0.86% |
10-May-06 |
11,642.65 |
21-Oct-05 |
10,215.22 |
| Hang Seng |
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17,451.03 |
176.96 |
1.01% |
16-Aug-06 |
17,451.03 |
28-Oct-05 |
14,215.83 |
| NASDAQ |
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2,149.54 |
34.53 |
1.61% |
19-Apr-06 |
2,370.88 |
21-Jul-06 |
2,020.39 |
| Nikkei |
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16,071.36 |
255.17 |
1.59% |
7-Apr-06 |
17,563.37 |
17-Aug-05 |
12,273.12 |
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source: DTN Market Access
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part
1...single currency tested offers around the ¥148.85 level and was supported around the ¥148.20 level. The British pound and Swiss franc moved higher vis-à-vis the yen as the crosses tested offers around the ¥220.10 and ¥94.35 levels, respectively. The Chinese yuan appreciated vis-à-vis the U.S. dollar as the greenback closed at CNY 7.9885 in the over-the-counter market, down from CNY 8.0015, and at CNY 7.9901 in the exchange-traded market. Data released overnight saw January – July urban fixed-asset investment climb 30.5% while a People’s Bank of China report suggests July’s CPI reading is not representative of China’s full inflation picture. SUPPORT RESISTANCE
L1. 109.55 118.40 L2. 108.25 121.05
L3. 106.55 121.40
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