Free Trial

JPY: Inches Higher, Nearing Channel Resistance

AUD

AUD/JPY has added 32 pips and last deals at Y79.37, as e-minis have edged higher. The pair has wiped out more than half of yesterday's losses, but remains some way off Monday peak.

  • A break above Dec 31 high of Y79.79, the highest level since Apr 2019, would expose psychological resistance/channel resistance at Y80.00/02. Conversely, a dip through Dec 28 low of Y78.48 would open up Dec 22 low of Y77.85, followed by Dec 21 low of Y77.49.

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.