Free Trial
KRW

USD/KRW Rebounds +1.25% Overnight

AUSTRALIA DATA

Price Developments Point To Higher Inflation Expectations

AUSSIE 3-YEAR TECHS

(Z2) Sell-Rallies Theme Intact

AUSSIE BONDS

Firmer & A Touch Steeper

BONDS

NZGBs Firmer On Offshore Lead

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Moderated Into Weds Close

EURJPY TECHS
  • RES 4: 147.76 1.236 proj of the May 12 - Jun 28 - Aug 2 price swing
  • RES 3: 145.64 High Sep 12 and the bull trigger
  • RES 2: 144.48 High Sep 14
  • RES 1: 144.08 High Oct 4
  • PRICE: 141.55 @ 14:17 BST Oct 7
  • SUP 1: 141.37 / 20 20-day EMA / Low Oct 7
  • SUP 2: 139.44/137.40 Low Sep 29 / 26 and key support
  • SUP 3: 136.02 Low Aug 25
  • SUP 4: 135.52 Low Aug 24

EURJPY hit reverse Wednesday and extended losses well into the Friday close. The price action has put prices back below 143.70 resistance - the 76.4% retracement for the Sep 12 - 26 downleg and prices have pierced the 20-day EMA of 141.37. Key support lies at 137.40. For any recovery to gain a firmer footing, attention is on key resistance at 145.64, the Sep 12 high. A break of this level would confirm a resumption of the broader uptrend.

153 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 147.76 1.236 proj of the May 12 - Jun 28 - Aug 2 price swing
  • RES 3: 145.64 High Sep 12 and the bull trigger
  • RES 2: 144.48 High Sep 14
  • RES 1: 144.08 High Oct 4
  • PRICE: 141.55 @ 14:17 BST Oct 7
  • SUP 1: 141.37 / 20 20-day EMA / Low Oct 7
  • SUP 2: 139.44/137.40 Low Sep 29 / 26 and key support
  • SUP 3: 136.02 Low Aug 25
  • SUP 4: 135.52 Low Aug 24

EURJPY hit reverse Wednesday and extended losses well into the Friday close. The price action has put prices back below 143.70 resistance - the 76.4% retracement for the Sep 12 - 26 downleg and prices have pierced the 20-day EMA of 141.37. Key support lies at 137.40. For any recovery to gain a firmer footing, attention is on key resistance at 145.64, the Sep 12 high. A break of this level would confirm a resumption of the broader uptrend.