Free Trial

Recovery efforts topped out ahead of.....>

DOLLAR-YEN
DOLLAR-YEN: Recovery efforts topped out ahead of Y111.50 with the retracement
extending to Y111.05. The recent downtrend remains intact with bears looking for
a weekly close below the 200-dma at Y110.92 for confirmation. This would open
the 38.2% retracement level of Y104.56-114.55 at Y110.73, ahead of the Aug 21
low at Y109.78. 

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.