Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
DOLLAR-YEN TECHS: Bullish Within The Channel
*RES 4: 110.31 Bull channel top drawn off Aug 26 low
*RES 3: 109.32/37 High Aug 1 / 61.8% retracement Apr 24 - Aug 26 decline
*RES 2: 109.07 200-DMA
*RES 1: 108.94 High Oct 17
*PRICE: 108.60 @ 04:45 GMT Oct 24
*SUP 1: 108.16 Low Oct 16
*SUP 2: 107.85 Low Oct 11
*SUP 3: 107.48 Trendline support drawn off Aug 26 low
*SUP 4: 106.81 Low Oct 8
USDJPY found support yesterday off the day low. The lack thus far of any
meaningful pullback reinforces the current bullish outlook. The focus is on a
test of the 200-DMA at 109.07. A broader bullish resumption was confirmed Oct 16
following the clear breach of, and close above the former bull trigger at
108.48, Sep 18 high. A move above the 200-DMA average would open 109.32, Aug 1
high and 109.93, May 30 high. Trendline / channel support lies at 107.48.