Free Trial

Off Cheaps, Move From Lows In ACGBs Helps


Labour Holds Seat In By-Election




Rangebound vs USD, AUD/NZD Firms

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

Next Target Zone Situated Between....>

EURO-YEN TECHS: Next Target Zone Situated Between Y129.54-Y129.78
*RES 4: Y131.06 50% Fibo of Y137.51-Y124.62
*RES 3: Y130.29 2% volatility band
*RES 2: Y129.78 76.4% Fibo of 131.38-124.62
*RES 1: Y129.54/58 38.2% Fibo of Y137.51-Y124.62, i'day high
*PRICE: Y129.36 @0925GMT
*SUP 1: Y128.70 Hourly support
*SUP 2: Y128.20 Hourly congestion Jun 4-Jun 5
*SUP 3: Y127.79 Jun 5 low
*SUP 4: Y127.13 Jun 1 low
*COMMENTARY* Has continued to regain ground, following last week's exhaustion
spike to the base of the 4 month bear channel. Today we have seen the rally move
through Y128.80-Y129.00 resistance, the latter the upper 1% volatility band.
This sees the 38.2% Fibo retrace level at Y129.54 as the next potential barrier
to cross, a maintained break having potential for the 76.4% Fibo level at
Y129.78 next. Meanwhile, Y128.70 provides support, Y128.20 below.

To read the full story

Why Subscribe to

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.