Free Trial

112 Still Holds the Key USDJPY.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 112 Still Holds the Key
USDJPY saw a quieter day on Wednesday with the uptrend remaining intact. 112
continues to hold with the up trendline support and the 50-dma clustered around
the figure. The 21-dma is to the upside at 112.93 and a break above here would
allow bulls to target the YTD high at 114.55. Bears look to close below 112 to
push the cross lower and bring the the 100-dma at 111.52 back into play. A break
of this level raises the prospect of a reversal pattern.

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.