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 Access

EZ/UK Bond Supply Calendar: Slovakia, EU & Belgium issuing Mon

Bear Threat Remains Present

USDJPY TECHS

RES 4: 145.11 Low Oct 27 and a recent breakout level
RES 3: 143.02 50-day EMA
RES 2: 142.48 High Nov 11
RES 1: 139.64/142.25 High Nov 24 / High Nov 21 and the bull trigger
PRICE: 138.21 @ 06:54 GMT Nov 28
SUP 1: 137.68 Low Nov 15 and a bear trigger
SUP 2: 137.37 Low Aug 29
SUP 3: 135.82 Low Aug 23
SUP 4: 135.49 76.4% retracement of the Aug 2 - Oct 21 bull leg

Short-term trend conditions in USDJPY remain bearish following last week’s move lower. The reversal from 142.25, the Nov 21 high, signals the end of the corrective bounce between Nov 15 - 22. Attention is on the bear trigger at 137.68, the Nov 15 low where a break would confirm a resumption of the downtrend and open 137.37, the Aug 29 low. Key short-term resistance is seen at 142.25.

To read the full story

Free Trial

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Enter your Country

Enter your Phone

Areas of interests

MNI may contact you in your professional capacity with information about our other products and services that we believe may be of interest to you. You will be able to update your communication preferences via the unsubscribe link provided within your communication.

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.

MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

MNI BRIEF: Canada Feb Teranet Home Price Index Record -11% YOY

MNI China Daily Summary: Friday, March 17

MNI DATA FORECASTS: Fed, BOE To Lead

Fed Watch

MNI: US FEB INDUSTRIAL PROD +0.0%; CAP UTIL 78.0%

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

MNI BRIEF: Trudeau Justified Using Emergency Act, Judge Finds

MNI: Canada Boosting Health Spending CAD46.2B Over 10 Years

MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

Pullback Considered Corrective

Corrective Cycle

Corrective Bounce

US Voters Support Bank Rescue Measures But Consider It A "Bailout"

Short-Term Trend Needle Points South

Real-time Actionable Insight

MNI INTERVIEW: Credit Crunch Looms On Bank Runs-Ex-Fed’s Stein

MNI INTERVIEW: Americans' Top Concern Remains Inflation-UMich

MNI DATA FORECASTS: Fed, BOE To Lead

MNI INTERVIEW: Major Instability Would Force Rate Cuts-Papadia

EZ/UK Bond Supply Calendar: Slovakia, EU & Belgium issuing Mon

Bear Threat Remains Present

Why Subscribe to
MNI

MNI

PRODUCTS

EVENTS

TOPICS

Real-time Actionable Insight

Bear Threat Remains Present

Sign up now for free access to this content.

FI Market:

FX Market:

Data:

Policy:

MNI Research:

Emerging Markets:

High Speed Calendar:

Commodities:

Why Subscribe to MNI

MNI

PRODUCTS

EVENTS

TOPICS

Why Subscribe to
MNI