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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.
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 AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Pullback Considered Corrective
- RES 4: 117.08 2.00 proj of Apr 23 - Jul 2 - Aug 4 2021 price swing
- RES 3: 116.35 High Jan 4 and the bull trigger
- RES 2: 115.67/68 76.4% of the Jan 4 - 24 downleg / High Jan 28
- RES 1: 115.19 High Jan 1
- PRICE: 114.88 @ 17:01 GMT Feb 3
- SUP 1: 114.16/113.47 Low Feb 02 / Low Jan 24 and key support
- SUP 2: 113.43 76.4% of the Nov 30 - Jan 4 rally
- SUP 3: 113.14 Low Dec 17
- SUP 4: 112.53/112.23 Low Nov 30 / 2.0% 10-dma envelope
USDJPY remains below its recent high however the outlook remains bullish despite a recent correction lower. Last week’s gains resulted in a breach of former resistance at 115.06, the Jan 18 high. This has strengthened the recent reversal from 113.47, Jan 24 low and signals scope for an extension towards 116.35, high Jan 4 and a key medium-term resistance. Key short-term support is at 113.47. A break would be bearish.
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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.