Free Trial

Despite the rise in JPY garnering much of.....>

SWISS
SWISS: Despite the rise in JPY garnering much of the attention over the past few
hours, CHF/JPY is clawing back the day's losses in a very quick fashion and is
trading just shy of flat. This morning, the cross touched Y114.08, the lowest
rate since January and faces a slew of technical resistance levels to the upside
(50, 100 and 200DMA are layered from Y114.82 to Y115.40) which could make
further progress difficult without a JPY reversal. Risk trades clearly becoming
as popular as they were at the beginning of the month.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.