Free Trial

Feels the weight of EURJPY with a move...>

DOLLAR-YEN
DOLLAR-YEN: Feels the weight of EURJPY with a move back under Y111.00 to fresh
session lows of Y110.93. The 200-dma at Y110.92 is seen key at the close
tonight, below here further extends the bearish trend opening the 38.2%
retracement of 2018 range at 110.73, ahead of the Aug 21 low at 109.78. EURJPY
prints 4-month lows of Y126.54, targeting the Aug 21 low & 50% retracement of
Y114.85-137.50 at Y126.26/18. AUDJPY eases to Y78.61 and seen approaching
support from the ytd low at Y78.56

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.