MNI: Canada Apr-Nov Budget Deficit CAD3.6B, Beats Projection

(CORRECTED)MNI INTERVIEW: ECB Communications Errors Risk Market Selloff

(CORRECTED)MNI INTERVIEW: ECB Communications Errors Risk Market Selloff

MNI: US NAR DEC PENDING HOME SALES INDEX 76.9 V 75 IN NOV

EZ/UK Bond Supply Calendar: EU-bond auction / UK long APF Mon

EZ/UK T-Bill Calendar: Germany & France to issue Monday

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
US

Atlanta Fed GDPNow Q1 '23 Est

EQUITIES

Earnings Cycle Reaches Critical Mass Next Week

PERU

Boluarte Says General Election May Be Brought Forward To December

US STOCKS

Equity Roundup: Consumer Discretionary, Communication Services Lead

OIL

German Crude Oil Imports By Origin in '000 Tons Per Day - Bafa

US 10YR FUTURE TECHS

‌‌(H3)‌‌ Approaching Support

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
Trending Top 5
Market News Topics

Bearish Outlook

USDJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 144.60 20-day EMA
  • RES 3: 144.14 50-day EMA
  • RES 2: 142.48 High Nov 11
  • RES 1: 140.80 High Nov 14
  • PRICE: 139.46 @ 15:37 GMT Nov 16
  • SUP 1: 137.68 Low Nov 15
  • 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 and the pair is trading at its recent lows. A resumption of weakness would set the scene for a move towards 137.37, the Aug 29 low. The pair has pierced 138.64, 61.8% of the Aug 2 - Oct 21 bull leg. A clear break of this key Fibonacci retracement, would reinforce bearish conditions. The 50-day EMA at 114.14 remains a key short-term resistance.

125 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 144.60 20-day EMA
  • RES 3: 144.14 50-day EMA
  • RES 2: 142.48 High Nov 11
  • RES 1: 140.80 High Nov 14
  • PRICE: 139.46 @ 15:37 GMT Nov 16
  • SUP 1: 137.68 Low Nov 15
  • 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 and the pair is trading at its recent lows. A resumption of weakness would set the scene for a move towards 137.37, the Aug 29 low. The pair has pierced 138.64, 61.8% of the Aug 2 - Oct 21 bull leg. A clear break of this key Fibonacci retracement, would reinforce bearish conditions. The 50-day EMA at 114.14 remains a key short-term resistance.