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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.
CZECHIA
- CZKJPY Continues To consolidate lower amid rising uncertainty, pushing preference for safe asset such as the Japanese Yen.
- The worsening economic outlook has led to a significant depreciation in EM currencies recently (CEEMEA, Latam), with more and more governments imposing new restrictions to limit the downside risk of another wave of infections.
- CZKJPY broke below its 200DMA last Friday, which has acted as a strong support line in the latest bull market.
- Next key support to watch on the downside stands at 4.9570, which corresponds to the 38.2% Fibo retracement of the 4.4360 – 5.2790 range.
- A break below that level would open the door for a move down to 4.8580 (50% retracement).
- On the topside, resistance to watch stands at 5.0970 (200DMA).
Source: Bloomberg/MNI
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.
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