Free Trial

China Headlines Dent Appetite......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: China Headlines Dent Appetite
USDJPY failed to clear 110.05 in Asia, giving more importance to this level. The
subsequent retracement extended through 109.60 with added weight from China
trade headlines. Near-term support comes in today at 109.53 from the 50%
retracement of the weekly range, below here opens the May 13 low & 109 level.
Further support is located at 108.84/73 from the 50% retracement level & Feb 1
low. Bulls need to overcome 110.05 to bring the cloud base & 100-dma back into
view at 110.32/50.

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.