Free Trial

Eyes on the 100-dma USDJPY broke...>

DOLLAR-YEN TECHS: Eyes on the 100-dma
USDJPY broke cleanly to the downside following US tariffs news over the weekend,
which saw the pair hit daily lows of 110.28. The 110 level now becomes the next
downside target, with a close below 110.62 100-dma needed to cement. A break
below here opens the March 25 low at 109.71. To stabilise bulls need to recover
111, while a break back above the 200-dma at 111.51 is needed to reignite upside
momentum and bring the 112 level back into view.

To read the full story



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.