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About Us
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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.
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 AccessMNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
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Bearish Focus
- RES 4: 144.28 High Jun 28 and key resistance
- RES 3: 142.37 High Jul 5
- RES 2: 140.31 20-day EMA
- RES 1: 139.50 High Jul 6
- PRICE: 137.54 @ 16:24 BST Jul 12
- SUP 1: 136.87 Low Jul 8
- SUP 2: 136.25 Low May 30
- SUP 3: 136.10 3.0% 10-dma envelope
- SUP 4: 135.40 76.4% retracement of the May 12 - Jun 28 climb
EURJPY remains vulnerable following the recent reversal from 144.28, the Jun 28 high. The sell-off resulted in a break below both the 20- and 50-day EMAs and price has traded below support at 137.85. A clear breach of this level would strengthen bearish conditions and open 136.25, the May 30 low. Initial firm resistance is seen at 140.31, the 20-day EMA ahead of 142.37, the July 5 high.
To read the full story
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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.