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Free AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29
MNI BRIEF: Japan Q3 Capex Up Q/Q; GDP Revised Lower
Next Upside Targets Seen Between...>
DOLLAR-YEN TECHS: Next Upside Targets Seen Between Y111.76-Y111.78
*RES 4: Y112.42 Jul 20 high
*RES 3: Y112.20 Jul 26 high
*RES 2: Y111.90 2% volatility band
*RES 1: Y111.76/78 61.8% Y114.50-Y107.32, hourly resistance
*PRICE: Y111.38 @0920GMT
*SUP 1: Y110.80/90 Hourly support
*SUP 2: Y110.62 Hourly base Sep 15
*SUP 3: Y110.25 Initial rally high Sep 15, now support
*SUP 4: Y109.90 Sep 13 low
*COMMENTARY* The 'Doji' candle close on Sep 8 continues to power the recovery.
Now heading towards next target strung between the 61.8% Fibo retrace level at
Y111.76 and swing target of the Y111.34-Y110.62 fall, at Y111.78. Any higher and
the 2% volatility band at Y111.90 can inhibit further Y112.20-Y112.81 gains.
Support continues to rise, Y110.90-Y11.80 ahead of that Y110.62 level. Loss here
would caution now.
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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.