Free Trial

Hawkish Fed Provides Support.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Hawkish Fed Provides Support
USDJPY hit as low as 111.05 in the US session before finding some support on the
back of an upbeat Powell presser allowing the pair to recover recover its
200-dma at 111.51. Bulls need a close above the 200-dma to reignite upside
momentum. This would bring the 112 level back into view, ahead of a run at the
Apr 24 & Dec 20 highs at 112.40/60. On the downside the Apr 10 low & 100-dma are
key targets for bears at 110.84/69. 

To read the full story

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.