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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.
POLAND
- ‘Easing’ tensions in the Russia/Ukraine conflict have resulted in a strong recovery in CEE currencies in the past week.
- Risk-on pair PLNJPY surged above the 27.27 resistance in today’s trading session, which corresponds to the 50% retracement of the 24.93 – 29.60 range (February/March High Low).
- Selling pressure on JPY has been strong in recent days amid ‘dovish’ BoJ, with policymakers potentially delaying the tightening cycle as surging inflation due to imported energy prices may start to significantly weigh on consumer growth.
- Next resistance to watch on the topside stands at 27.8190, which corresponds to the 61.8% Fibo retracement of the 24.93 – 29.60 range.
- On the downside, support to watch below 27.27 stands at 27.
Source: Bloomberg
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.
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