CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Enters A Retracement Mode

USDJPY TECHS
  • RES 4: 160.17/20 Intraday high / High Apr 1990
  • RES 3: 159.55 2.618 proj of the Feb 1 - 13 - Mar 8 price swing
  • RES 2: 158.97 2.50 proj of the Feb 1 - 13 - Mar 8 price swing
  • RES 1: 158.44 HIgh Apr 26
  • PRICE: 156.05 @ 19:44 BST Apr 29
  • SUP 1: 154.54 Low Apr 29
  • SUP 2: 154.01/151.91 20- and 50-day EMA values
  • SUP 3: 150.81 Low Apr 5
  • SUP 4: 150.27 Low Mar 21

The USDJPY trend condition remains bullish, however, Monday’s session was volatile. An early rally stopped short of resistance at 160.20, the Apr 1990 high, before reversing lower. Note that the trend condition is overbought. A deeper retracement would allow the overbought set-up to unwind. Initial key support to watch lies at 154.01, the 20-day EMA. The 50-day EMA lies at 151.91.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.