Free Trial

Japanese MOF sells Y4.52874tn 3-Month Bills:

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

Above 55-DMA To Target Y114.72.....>

DOLLAR-YEN TECHS: Above 55-DMA To Target Y114.72
*RES 4: Y114.07 High Nov 9 
*RES 3: Y113.33 High Nov 16 
*RES 2: Y112.72 55-DMA 
*RES 1: Y112.67 21-DMA
*PRICE: Y112.55 @ 0530GMT
*SUP 1: Y112.28 Hourly support Nov 30 
*SUP 2: Y111.68 200-DMA 
*SUP 3: Y111.35 Low Nov 29 
*SUP 4: Y110.83 Monthly Low Nov 27
*COMMENTARY: The break of the 200-DMA was reinforced with the 200-DMA providing
the base for an aggressive bounce that saw pressure on 21 & 55-DMAs. Bulls now
need a close above the 55-DMA to end bearish hopes, shifting immediate focus to
Y113.33 and overall focus to tests of Y114.74 Nov highs. Initial support is
noted at Y112.28 with bears needing a close below to gain breathing room but
below the 200-DMA remains needed to return pressure to Y110.83 Nov lows.

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.