Free Trial

Month-end Flow Pushes Below........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Month-end Flow Pushes Below 200-dma
Month-end related dollar sales pushed the rate back under its 200-dma (111.51)
to extended lows of 111.28. A close below the 55-dma would see bears target a
break of the 111.00 handle, opening the Apr 10 low & 100-dma at 110.84/71. Bulls
need to recover the 200-dma on a closing basis to keep the recent uptrend
intact. This would bring the 112 level back into view, ahead of a run at the Apr
24 & Dec 20 highs at 112.40/60.

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.