Free Trial
US TSYS

Cheaper On Friday, CPI In Focus

AUSTRALIA DATA

Highlights This Week – RBA Lowe Appearances, Jobs Data

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

21-DMA Now Capping *RES 4:.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 21-DMA Now Capping
*RES 4: Y111.75 55-DMA 
*RES 3: Y111.71 200-DMA 
*RES 2: Y111.23 High Jan 22 
*RES 1: Y110.40 21-DMA
*PRICE: Y110.01 @ 0530GMT
*SUP 1: Y109.90 Hourly resistance Feb 2 now support 
*SUP 2: Y109.23 Hourly support Feb 1 
*SUP 3: Y108.87 Hourly support Jan 31 
*SUP 4: Y108.40 Low Jan 30
*COMMENTARY: Bulls take comfort in hesitation ahead of recent 2018 lows with
follow through lacking as support emerged on dips. The 21-DMA capped Friday
which is less than ideal with bulls now needing a close above to confirm focus
on Y111.22-112.66 where key DMAs and the bear channel top are situated.
Correcting O/S studies add to bullish confidence. Bears now look for a close
below Y109.23 to return initial focus to Y108.12-40.

To read the full story

Why Subscribe to

MarketNews.com

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.