Free Trial

Back Under 113 Persistent dollar...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Back Under 113
Persistent dollar sales aided by the soft US Empire Manufacturing release
further pressured through 113.00. This brings the 100-dma & double bottom
support area at Y112.40/20 into view. Below here turns the outlook neutral with
bears targeting the Oct 26 low at 111.38. Bulls now need to recover 113.71 to
open a run at the 114 level, which holds the descending trend line off Oct 4
highs.

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.