© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Fed Discount Window Use Eases By $22B In Mar 29 Wk

MNI BRIEF: Barkin Says Too Soon To Call May Rate Move

MNI BRIEF: Kashkari-Fed Must Stay Focused On Inflation Fight

US Treasury Auction Calendar

US EIA:NAT GAS STORAGE -47 BCF TO 1,853 BCF MAR 24 WK

State and National CPI Data Signals Core Uptick

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

MNI BRIEF: Fed's Barr: Will Use All Tools To Keep Banks Safe

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Corrective Bounce

EURJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 143.31 20-day EMA
  • RES 3: 142.84 50-day EMA
  • RES 2: 142.15 Low Feb 24
  • RES 1: 142.01 High Mar 16
  • PRICE: 141.00 @ 16:42 GMT Mar 17
  • SUP 1: 139.13 Low Mar 16 and bear trigger
  • SUP 2: 139.06 Low Jan 20
  • SUP 3: 137.92 Low Jan 19
  • SUP 4: 137.39 Low Jan 3 and a key support

EURJPY traded lower Thursday but the cross has recovered from the session low. Short-term gains are considered corrective and this week’s move signals scope for a continuation of the bear cycle. A resumption of weakness would pave the way for a move towards the 138.00 handle. The short-term bear trigger lies at 139.13, the Mar 16 low. Initial firm resistance is seen at 142.15, the Feb 24 low.

125 words

To read the full story

Why Subscribe to

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.
  • RES 4: 143.31 20-day EMA
  • RES 3: 142.84 50-day EMA
  • RES 2: 142.15 Low Feb 24
  • RES 1: 142.01 High Mar 16
  • PRICE: 141.00 @ 16:42 GMT Mar 17
  • SUP 1: 139.13 Low Mar 16 and bear trigger
  • SUP 2: 139.06 Low Jan 20
  • SUP 3: 137.92 Low Jan 19
  • SUP 4: 137.39 Low Jan 3 and a key support

EURJPY traded lower Thursday but the cross has recovered from the session low. Short-term gains are considered corrective and this week’s move signals scope for a continuation of the bear cycle. A resumption of weakness would pave the way for a move towards the 138.00 handle. The short-term bear trigger lies at 139.13, the Mar 16 low. Initial firm resistance is seen at 142.15, the Feb 24 low.