Free Trial

Moving Averages Provide Support ...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Moving Averages Provide Support 
USDJPY was unable to consolidate gains below its 21 and 100-dmas yesterday which
has seen the pair recover its 200-dma to put the focus back on Friday's high at
111.90 ahead of the key 112 level. Above here and the March 5 high at 112.14
would extend the recovery towards the 114 area. Bears need a close below the
21-dma at 111.32 and the 100-dma at 111.27 to bring yesterday's low at 111.16
into play ahead of the psychological 111.00.

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.