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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.
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Free AccessComfortably Above 1.13 USDJPY......>
DOLLAR-YEN TECHS: Comfortably Above 1.13
USDJPY touched 113.45 in early Europe amid the backdrop of improved risk
sentiment, its highest levels since Oct 8. Nonetheless, the pair failed to
consolidate gains, allowing prices to drift back toward the 113 handle ahead of
NY. A close below here shifts momentum back to the bears targeting broken
trendline resistance-turned-support & 21-dma at 112.60/56. Bulls continue to
target a break of the 114 level & Oct 4 highs at 114.55.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.