Free Trial

Back in The Range Soft US equity...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Back in The Range
Soft US equity futures triggered fresh risk-off flows back under 109.20. The
move was countered following reports that President Trump plans to delay
imposing Auto import tariffs. Near-term resistance is seen at 110.00/05 which
holds the 38.2% fibo of the May range and May 10 hourly highs, above here opens
a run at the 100-dma at 110.51. Downside support remains from the May 13 low &
109 level, with a break here needed to challenge the 50% retracement & Feb 1 low
at 108.84/73. Further support is located at 108.50 from the Jan 31 low, ahead of
the 61.8% retracement & Jan 16 low at 108.38/37.

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.