MNI WATCH: ECB Points To Another 50Bps Hike In March

MNI BOE WATCH: BOE Hikes By 50, "Watchful" On Inflation

MNI BRIEF: QT A Supplement, Not Main Tightening Tool-Lagarde

MNI: FED BALANCE SHEET TOTAL ASSETS -$37B TO $8.437T

Coming up in the Asia-Pac session on Friday

Safe Haven Demand As Global Yields Fall Sharply, GBP Under Pressure

(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
AUSSIE 10-YEAR TECHS

(H3) Recouping Lost Ground

US TSYS

Marginally Richer, Global FI Matters Dominate

CNH

USD/CNH Tracks Higher Amid Broad Dollar Gains

BOJ

New Role For Nakaso Draws Questions Re: Race To Become Next BoJ Governor

AUSSIE BONDS

AUCTION PREVIEW: ACGB Apr-29 Supply Due

AUSSIE 3-YEAR TECHS

(H3) Clawing Back Losses

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 Price Activity

USDJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 145.11 Low Oct 27 and a recent breakout level
  • RES 3: 142.86 50-day EMA
  • RES 2: 142.48 High Nov 11
  • RES 1: 139.64/142.25 High Nov 24 / High Nov 21 and key resistance
  • PRICE: 137.84 @ 20:16 GMT Nov 30
  • SUP 1: 137.50 Low Nov 28
  • 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

The short-term trend condition in USDJPY remains bearish following last week’s move lower. Monday’s extension resulted in a print below support at 137.68, the Nov 15 low. A clear break of this level would confirm a resumption of the downtrend and open 137.37, the Aug 29 low. Key short-term resistance is seen at 142.25, the Nov 21 high. A break of this level would alter the picture and signal a possible reversal.

142 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: 145.11 Low Oct 27 and a recent breakout level
  • RES 3: 142.86 50-day EMA
  • RES 2: 142.48 High Nov 11
  • RES 1: 139.64/142.25 High Nov 24 / High Nov 21 and key resistance
  • PRICE: 137.84 @ 20:16 GMT Nov 30
  • SUP 1: 137.50 Low Nov 28
  • 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

The short-term trend condition in USDJPY remains bearish following last week’s move lower. Monday’s extension resulted in a print below support at 137.68, the Nov 15 low. A clear break of this level would confirm a resumption of the downtrend and open 137.37, the Aug 29 low. Key short-term resistance is seen at 142.25, the Nov 21 high. A break of this level would alter the picture and signal a possible reversal.