Free Trial

Breaks above Friday's high of Y108.32....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Breaks above Friday's high of Y108.32 and extends its recovery, off
Friday's low of Y107.89, to Y108.43 (level corresponding to the 38.2%
retracement of the move down from the Oct30 high of Y109.29 to that mentioned
Friday low). Break here to expose resistance toward Y108.50, with Y108.59 the
50% retrace level above.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

To read the full story

Close

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.