Free Trial

Preview Tsy 3Y Note Auction


BLOCKs, Jun'23 SOFR Puts

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

108-109 Range in Play Strong US....>

DOLLAR-YEN TECHS: 108-109 Range in Play
Strong US data extended the recovery off weekly lows to 108.50 before fading,
but second wave demand lifted rate to Y108.59 in late trade. USDJPY remains
locked in narrow range trade with bulls focusing on trendline resistance & the
Jun 11 high at 108.65/80. A topside break of 109.00 brings the 21-dma, trendline
off Apr highs & 38.2% retracement into view at 109.03/13/23. Bears need to clear
the 108.00/05 level, which holds the 76.4% retrace of the Jun6-11 recovery, Jun
6 low & 2019 support line. Below here exposes the Jun 5 low & 61.8% retracement
of the Jan-Apr rally at 107.82/75.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.