Free Trial
EURJPY TECHS

Bearish Threat Remains Present

USDJPY TECHS

Oscillating Either Side of Y140

US

Late Corporate Credit Update

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

Below 200-DMA To Ease Bullish......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Below 200-DMA To Ease Bullish Pressure
*RES 4: Y113.72 Bollinger band top 
*RES 3: Y113.70 Low July 11 now resistance 
*RES 2: Y113.26 High Sept 27 
*RES 1: Y112.86 Hourly resistance Sept 28
*PRICE: Y112.63 @ 0430GMT
*SUP 1: Y112.25 Hourly support Sept 29 
*SUP 2: Y112.02 200-DMA 
*SUP 3: Y111.92 Hourly support Sept 26 
*SUP 4: Y111.48 Low Sept 25
*COMMENTARY: Topside follow through above Y112.85 has been a little lacking
which is a concern with daily studies at O/B levels, momentum divergence and the
Bollinger top capping. Bulls have shifted focus to tests of July highs with
above Y113.70 to add support to their case. Bears continue to look for a close
below the 200-DMA to ease bullish pressure and below Y111.48 to confirm a shift
in focus to key DMAs Y110.52-111.04.

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.