Free Trial

JPY crosses enjoy renewed buoyancy and..........>

YEN
YEN: JPY crosses enjoy renewed buoyancy and continue to pare Friday's steep
losses. EURJPY comfortably holds above Y132.50 but has so far failed to
convincingly break the 61.8% retracement of Y133.13-1.3191 at Y132.66. Bulls
initially need to reclaim the Y133.00 level, before challenging the Apr24 high
at Y133.49. GBPJPY further extends gains to Y147.90, targeting Friday's high of
149.71 and a break of the Y150.00 psychological level. AUDJPY flirts with the
100-dma (Y81.94) and will be key around today's close. NZDJPY holds above
downtrend resistance turned support (Y74.85), targeting the 100-dma at Y75.21,
last trades Y75.09. CADJPY makes a show back above Y87.00, focusing on a break
of the 61.8% retracement of 2018 range & Friday's 7-month high at Y87.36/45.

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.