MNI China Daily Summary: Monday, January 30

MNI BRIEF: China To Expand Fields For Special Bonds - MOF

MNI BRIEF: BOJ Maintains Scale of JGB Ops in February

US Treasury Auction Calendar

US$ Credit Supply Pipeline

Fed Watch

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

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

SEEK Advertised Salaries Post Another Solid Rise In Q4 2022

JPY

USD/JPY Rebounds Amid Broad USD Strength, Busy Data Calendar Today

AUD

A$ Underperforms As Risk Pullback Weighs On Commodities

NZD

Pressured On Risk-Off Flows

USDCAD TECHS

Remains Vulnerable

US TSYS

Tsys Hold Narrow/Weaker Range Ahead Wed's FOMC

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Has Pierced The 50-Day EMA

EURJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 144.00 Round number resistance
  • RES 3: 143.16 61.8% retracement of the Dec 15 - Jan 3 bear leg
  • RES 2: 142.86/94 High Jan 11 / High Dec 28 and key resistance
  • RES 1: 142.30 High Jan 25
  • PRICE: 141.23 @ 16:19 GMT Jan 25
  • SUP 1: 140.47/137.92 Low Jan 23 / Low Jan 19
  • SUP 2: 137.39 Low Jan 3 and the bear trigger
  • SUP 3: 137.03 Low Aug 29
  • SUP 4: 136.02 Low Aug 25

EURJPY traded softer into the Wednesday close to give back a small part of some of the recent rally. More broadly, the cross remains firm having extended the bounce from last week’s low of 137.92 on Jan 19. The 50-day EMA, at 141.78, has been pierced and a clear break would expose key short-term resistance at 142.86, the Jan 11 high. The broader trend direction is down. A reversal would again refocus attention on the bear trigger at 137.39, the Jan 3 low. Clearance of this level resumes the downtrend.

163 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 144.00 Round number resistance
  • RES 3: 143.16 61.8% retracement of the Dec 15 - Jan 3 bear leg
  • RES 2: 142.86/94 High Jan 11 / High Dec 28 and key resistance
  • RES 1: 142.30 High Jan 25
  • PRICE: 141.23 @ 16:19 GMT Jan 25
  • SUP 1: 140.47/137.92 Low Jan 23 / Low Jan 19
  • SUP 2: 137.39 Low Jan 3 and the bear trigger
  • SUP 3: 137.03 Low Aug 29
  • SUP 4: 136.02 Low Aug 25

EURJPY traded softer into the Wednesday close to give back a small part of some of the recent rally. More broadly, the cross remains firm having extended the bounce from last week’s low of 137.92 on Jan 19. The 50-day EMA, at 141.78, has been pierced and a clear break would expose key short-term resistance at 142.86, the Jan 11 high. The broader trend direction is down. A reversal would again refocus attention on the bear trigger at 137.39, the Jan 3 low. Clearance of this level resumes the downtrend.