Free Trial

Post-Data Dollar Slippage Tilts USD/JPY Away From Resistance

USD
  • Lower-than-expected Chicago PMI quickly followed up by poorer-than-expected consumer confidence and Richmond Fed Factory Indices, adding further pressure to the greenback and prompting USD/JPY to firmly reject any test on the next upside level.
  • Move translates to fresh intraday highs in EUR/USD and GBP/USD at 1.0645 and 1.2143 respectively.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.