Free Trial

$11B Intel 7Pt Jumbo Launched


Double Top?

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

Downtrend Extends Through 122.00.....>

EURO-YEN TECHS: Downtrend Extends Through 122.00
The corrective pullback off Tuesday's high extended through 122 to keep the
recent downtrend intact. A close below the 50% retracement of the June range at
121.98 would trigger renewed bearish signals. Any move back under the triangle
top returns the focus to the Jun 6 low at 121.26. Bulls need to clear 123.00 &
the Jun 11 high to reignite the uptrend, opening a run at the 1.0% 10-dma
envelope & May 22 high at 123.43/51.

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.