MNI BRIEF: Economy To Drive Future Rate Hike Path - BOJ's Ueda

MNI BRIEF: BOJ Tweaks Economic Assessment, Notes Some Weakness

MNI BRIEF: RBA Holds, Drops Future Cash Rate Hike Language

MNI: PBOC Drains Net CNY5 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0985 Tues; -4.47% Y/Y

CHINA PBOC INJECTS CNY5 BILLION VIA 7-DAY REVERSE REPOS TUES

UK Timeline of Key Events (All Times in GMT)

Eurozone Timeline of Key Events (Times GMT)

Indonesian Sovereign Debt Steady, BI Rate Decision Wednesday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Firmer, With Support Intact

EURO-YEN TECHS
  • RES 4: 125.97 76.4% retracement of the Sep 1 - 28 sell-off
  • RES 3: 125.77 High Sep 15
  • RES 2: 125.09/28 High Oct 9 / 61.8% of the Sep 1 - 28 sell-off
  • RES 1: 124.48 High Oct 13
  • PRICE: 124.31 @ 06:07 BST Oct 20
  • SUP 1: 123.03/02 Low Sep 29 and Oct 2 / Low Oct 15
  • SUP 2: 122.38/28 Low Sep 28 / 61.8% of the Jun 22 - Sep 1 rally
  • SUP 3: 122.25 38.2% retracement of the May - Sep rally
  • SUP 4: 121.82 Low Jul 15 and 16

EURJPY started the week on a firm note with the cross pulling away from support at 123.03/02, low prints between Sep 29 and Oct 15. Stronger gains through the 124.00 handle would signal potential for an extension higher towards 125.09, Oct 9 high and the bull trigger. A break of 125.09 would open 125.28 and 125.97, both retracement levels. On the downside, a 123.03/02 breach is needed to trigger bearish pressure and open 122.38, Sep 28 low.

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.