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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.
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MNI ASIA MARKETS ANALYSIS: Consolidation Ahead Nov Jobs Report
Bearish Risk *RES 4: 109.85 High...>
DOLLAR-YEN TECHS: Bearish Risk
*RES 4: 109.85 High Jun 5 and key resistance
*RES 3: 108.54 High Jun 9
*RES 2: 107.64 High May 16 and key near-term resistance
*RES 1: 107.45 High Jun 25
*PRICE: 107.13 @ 06:12 BST Jun 29
*SUP 1: 106.80 Low Jun 26
*SUP 2: 106.07 Low Jun 23 and the intraday bear trigger
*SUP 3: 105.99 Low May 6 and 7 and key support
*SUP 4: 105.81 Low Mar 17
USDJPY continues to trade below resistance at 107.64, Jun 16 high. Earlier last
week the pair cleared support at 106.58, Jun 11 low confirming a resumption of
the sell-off since Jun 5. Despite the subsequent recovery, a bearish outlook is
maintained with the focus on support at 105.99, May 6 and 7 low. This is a key
bear trigger, a break would pave the way for a deeper retracement of the rally
between Mar 9 - 24. Key resistance remains 107.64.
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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.