Free Trial

Mixed US Jobs Report USDJPY........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Mixed US Jobs Report
USDJPY touched lows of 110.79 on react to the soft headline NFP release, before
a stronger-than-expected AHE read cushioned falls. A weekly close below the 100
& 200-dma's gives control back to the bears with downside focus on the 100-wma &
38.2% retracement level at 110.82/73. Below here opens the Feb 22/Feb 19 lows at
110.56/45. To reignite upside momentum bulls need to clear 111.40, before
challenging the 112 level, which has previously proved hard to overcome.

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.