Free Trial

JPY continues top of the G10 pile (+0.25%) as...>

YEN
YEN: JPY continues top of the G10 pile (+0.25%) as the risk off theme filters
through to FX markets. European equities open in negative territory with the
Italian banking sector weighing on bonds. USDJPY failed to sustain a break of
the 200-dma (Y110.20) earlier this week, exhaustion set in with the pair now
feeling weight via the crosses. USDJPY touched extended pullback lows of
Y109.39, hourly support is located through Y109.30/20, opening a move toward
Y109.00 (109.08 - May30 high). EURJPY is starting to display bearish technical
signals with down trendline support off Oct 2017 lows the next key target at
Y127.71.    

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.