MNI China Daily Summary: Friday, June 28

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

Inflation Slowed in June, Shaking Off May Hotel Price Jump

Broad-based Deceleration In June Core Metrics

MNI: ITALY JUN FLASH HICP +0.2% M/M, +0.9% % Y/Y; MAY +0.8% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Approaching The Psychological 150.00 Handle

USDJPY TECHS
  • RES 4: 151.09 2.764 proj of the Jan 16 - Mar 8 - Mar 24 price swing
  • RES 3: 150.40 2.618 proj of the Jan 16 - Mar 8 - Mar 24 price swing
  • RES 2: 150.00 Psychological round number
  • RES 1: 149.71 High Oct 24 2022 and high Sep 27
  • PRICE: 149.35 @ 06:41 BST Sep 28
  • SUP 1: 147.67/147.32 20-day EMA / Low Sep 21
  • SUP 2: 145.91 Low Sep 11
  • SUP 3: 145.70 50-day EMA
  • SUP 4: 144.45 Low Sep 1 and key support

The USDJPY trend needle continues to point north and the pair traded to a fresh cycle high Wednesday. Moving average studies remain in a bull mode position, highlighting the market's positive sentiment. 149.71, the Oct 24 2022 high, has been tested and attention is on the psychological 150.00 handle. A break of this barrier would reinforce bullish conditions. On the downside, firm trend support lies at 145.91, the Sep 11 low.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.