Free Trial

After a brief look below Y130.00 in........>

EURO-YEN
EURO-YEN: After a brief look below Y130.00 in Wednesday's Asia-Pacific session
the cross now sits back above Y131.00, after touching Y131.18, aided by the
latest leg higher in the JPY crosses after USD/JPY broke through Wednesday's
high, as Chinese stock indices move higher.
- Pressure returning to layers of resistance took its toll on Wednesday with the
pair breaking above the 100-DMA (Y130.24) and Y130.34 resistance. Bulls take
comfort as the pair gains topside traction and focus on Y131.37-93 where the
55-WMA and 200-DMA are located. Daily studies at overbought levels are the key
concern for bulls.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.