Free Trial

Focus Returns To The Downside......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Focus Returns To The Downside
USDJPY has failed to rally despite a rise in global risk-on sentiment, and
continues to pressure the lower end of its recent tight trading range. The Aug
13 low provides initial support at 110.11, below here targets the 109.98/88
area(100 & 200 dma). Bulls need a close above 111.12 to shift the outlook
positive, opening descending trendline and daily cloud top resistance at
111.25/27.

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.