MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Pullback Considered Corrective

USDJPY TECHS
  • RES 4: 139.89 High Nov 30 2022
  • RES 3: 139.59 50.0% retracement of the Oct - Jan bear cycle
  • RES 2: 138.17 High Dec 15
  • RES 1: 137.91 High Mar 8 and key resistance
  • PRICE: 135.17 @ 16:08 BST May 3
  • SUP 1: 135.10 Low May 3
  • SUP 2: 134.40/133.81 20- and 50-day EMA values
  • SUP 3: 133.02 Low Apr 26 and a key near-term support
  • SUP 4: 132.02 Low Apr 13

USDJPY rallied sharply higher last Friday and Monday’s gains highlight a bullish start to the week. The pullback from Tuesday’s high is considered corrective - for now. Friday’s rally resulted in a break of 135.13, Apr 19 high, to confirm a resumption of the trend that started Mar 24. This paves the way for a test of 137.91, the Mar 8 high and a key resistance. Initial firm support at 135.13, the Apr 19 high, has cracked. The next downside level crosses at the 134.40 20-day EMA.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.