Free Trial
EUROZONE ISSUANCE

NGEU syndication: 5/30y: Allocations out

COLOMBIA

2023 Budget To Be Raised by COP14.3T to COP405.7T

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

Needle Still Points North

USDJPY TECHS
  • RES 4: 109.85 High Jun 5, 2020
  • RES 3: 109.70 High Jun 8, 2020
  • RES 2: 109.56 61.8% retracement of the Mar 2020 - Jan downleg
  • RES 1: 109.23 High Mar 9
  • PRICE: 109.03 @ 16:22 GMT Mar 12
  • SUP 1: 107.82 Low Mar 5
  • SUP 2: 106.97 Low Mar 4
  • SUP 3: 106.68 Low Mar 2 and 3
  • SUP 4: 106.22 High Feb 17 and recent breakout level

USDJPY is holding onto the bulk of recent gains. The outlook remains bullish. Attention is on the Mar 9 high of 109.23. Clearance of this hurdle would confirm a resumption of the uptrend with scope for 109.56, a key retracement level. Momentum studies remain in overbought territory however this is still not having an impact on the trend and instead the set-up continues to reinforce the current bullish mood. Support is at 107.82, Mar 5 low.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.