Free Trial

Bearish Below 112.50 A second......>

DOLLAR-YEN TECHS: Bearish Below 112.50
A second session below Y114 suggests a near-term top may be in place at Y114.55,
with markets shifting their attention to support levels kicking in at Y112.56
and Y112.46. A break below here would open the up trendline & 100-dma support at
111.29/21. The bigger picture trend remains bullish though and a close back
above 114 would target the Oct 4 & Nov 2017 highs at 114.55/73.

To read the full story



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.