Free Trial

Recovery Gains Traction USDJPY.....>

DOLLAR-YEN TECHS: Recovery Gains Traction
USDJPY breached the 21-dma & 109.50 as the recovery gains traction. This brings
the 50% retracement of 114.55-104.87 at 109.70 into view, ahead of a run at the
110.00 level. Bears focus remains on the 108.00 level, a break opens the 50%
retracement & Jan 3 hourly support at 106.83/75.

To read the full story



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.