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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.
POLAND
- PLNJPY has been retracing sharply lower in recent days after reaching a local high of 30.19 last week.
- The sharp JPY depreciation in the first half of April pushed the ‘risk on’ pair above the 30.0860 last week (Nov 2018 high) .
- Even though the strong policy divergence should continue to support PLNJPY in the medium term, Poland is very sensitive to the Russia/Ukraine uncertainty and the renewed geopolitical tensions have been weighing on CEE currencies and supporting the US Dollar.
- PLNJPY is testing its 29.46 support; a break below that level would open the door for a move down to 29.
- On the topside, main resistance to watch remain at 30.19.
Source: Bloomberg/MNI
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.
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