Free Trial

Remains Vulnerable




Late SOFR/Eurodollar/Treasury Option Roundup

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

Cycle Highs Give Way to Sharp Loss

  • RES 4: 149.49 1.382 proj of the May 12 - Jun 28 - Aug 2 price swing
  • RES 3: 148.88 High Dec 9 2014
  • RES 2: 148.45 High Dec 15 2014
  • RES 1: 148.25 Intraday high
  • PRICE: 145.53 @ 16:19 BST Oct 21
  • SUP 1: 145.14/144.09 Low Oct 21 / High Oct 5
  • SUP 2: 143.68/141.84 20-day EMA / 50-day EMA
  • SUP 3: 140.90 Low Oct 10
  • SUP 4: 139.44/137.40 Low Sep 29 / 26 and key support

EURJPY maintained a bullish tone into a new cycle high Friday, printing 148.40 before hitting reverse and dropping sharply. This underpins the theme that while the broader outlook may remain bullish, sharp near-term reversals will still occur while the Japanese authorities warn of intervention. Moving average studies remain in bull mode, highlighting the broader uptrend. The focus is on a climb to 148.45 next, the Dec 15 2014 high. Initial firm support lies at 144.09, the Oct 5 high.

MNI London Bureau | +44 203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.