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Mexico Matters Allow Poise To......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Mexico Matters Allow Poise To Return
US NFPs came in well under expectations with added lower revisions. USDJPY
extended the corrective pullback through 108.00, before meeting support ahead of
107.80/85 from a series of previous lows & 61.8% fibo of the 2019 range. The
hold above the support zone, coupled with risk-supportive news flow over the
weekend and momentum indicators generating oversold conditions has allowed a
bounce to the 108.50 area. Bulls need to recover the 200-hma at 108.61, before
targeting a return to the 109.00 level.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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