Free Trial

Resuming Downtrend The follow......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Resuming Downtrend
The follow through from yesterday's dovish Fed spilled over into Asia/Europe.
This brings the 61.8% retracement level & Jan 16 low at 108.38/37 into view,
ahead of a run at the 108 level. Bulls need to recover the 110 level which has
proved tough to break this year. An upside break would extend the recovery
towards the 100-wma at 110.87, ahead of the 200-dma at 111.26.

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.