Free Trial

Focus on YTD Highs Tuesday's close...>

EURO-YEN TECHS
EURO-YEN TECHS: Focus on YTD Highs
Tuesday's close above the 50-dma (125.31) improved the outlook. EURJPY extended
to 125.94, but failed to take out the Feb 4 high (125.95), which now gives more
importance to this level. A break of 126 would reignite upside momentum putting
focus back on the ytd high at 126.14, ahead of a potential return toward the 128
level. On the downside bears look to retake the 50-dma to open the Feb 15 low at
124.23.

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.