- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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 AccessMNI: PBOC Net Injects CNY35 Bln Via OMOs Tuesday
MNI: PBOC Yuan Parity Higher At 7.0818 Tuesday; -5.85% Y/Y
MNI China Daily Summary: Monday, May 29
Approaching The 50-Day EMA
- RES 4: 134.77 High Jan 6 and a key resistance
- RES 3: 134.54 Low Dec 14
- RES 2: 132.96 50-day EMA
- RES 1: 132.90 High Feb 6
- PRICE: 132.78 @ 16:45 GMT Feb 6
- SUP 1: 130.34 20-day EMA
- SUP 2: 128.09/127.23 Low Feb 2 / Low Jan 16 and the bear trigger
- SUP 3: 126.81 1.382 proj of the Oct 31 - Nov 15 - 21 price swing
- SUP 4: 126.36 Low May 24 and a key support
USDJPY rallied Friday and the pair gapped higher again on Monday. Attention turns to resistance at 132.96, the 50-day EMA. Clearance of this level would highlight a stronger reversal and expose 134.77, the Jan 6 high. Gains are considered corrective - for now - and this is allowing an oversold condition to unwind. Firm support to watch lies at 128.09, the Feb 2 low. The bear trigger is at 127.23, the Jan 16 low.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
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.