Free Trial

Comfortably Above 113 Having.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Comfortably Above 113
Having based ahead of the 21-dma on Friday, the recovery and subsequent close
above the 200-wma keeps the bullish trend intact. USDJPY has so far consolidated
above the 113 level, shifting focus to the Oct 31 high at 113.39, ahead of the
Oct 8 high at 113.94. On the downside, a close below the 21-dma, currently at
112.56, returns the outlook neutral with bears targeting broken trendline
resistance-turned-support at 112.30.

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.