Free Trial

Some downside continuation


Russian Crude to Asia Easing in June


A busy early start


OMV's Schwechat Refinery Out Till Q3


1.75% May-24 BTP Short Term

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
EURO-YEN TECHS: Bounces Sharply Off The Overnight Low
*RES 4: 121.40/45 High Feb 20 / 2.0% Upper Bollinger Band
*RES 3: 121.04 High Feb 27
*RES 2: 120.71 High Feb 28
*RES 1: 119.84 Intraday high
*PRICE: 120.67 @ 17:11 GMT Mar 2
*SUP 1: 118.07 Intraday low
*SUP 2: 117.81 3.0% Lower Bollinger Band
*SUP 3: 117.72 2.0% 10-dma envelope
*SUP 4: 117.52 76.4% Sep 2019 - Feb 2020 Rally
EURJPY is bouncing well off the overnight Monday lows. It is too early to tell
whether a reversal is taking place and for now, the near-term outlook remains
bearish. The focus is on the early October lows at 117.08. Clearance of this
support would pave the way for weakness towards the 2019 low at 115.87. For
today, support has been defined at the intraday low of 118.07 that also marks
the bear trigger. The next firm resistance is at Friday's high of 121.04.

To read the full story

Why Subscribe to

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.