MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Reverts Higher

USDJPY TECHS
  • RES 4: 115.51 High Mar 10, 2017
  • RES 3: 114.99 1.50 proj of Apr 23 - Jul 2 - Aug 4 price swing
  • RES 2: 114.70/73 High Oct 20 / High Nov 6, 2017
  • RES 1: 114.44 High Nov 1
  • PRICE: 113.83 @ 16:37 GMT Nov 10
  • SUP 1: 112.36 50-day EMA
  • SUP 2: 112.08 High Sep 30 and a recent breakout level
  • SUP 3: 111.51 Low Oct 8
  • SUP 4: 110.82/80 Low Oct 4 / High Aug 11

USDJPY worked against the short-term softer tone Wednesday, rallying solidly to narrow the gap with the 114.00 handle. The trigger for a resumption of the uptrend is 114.70, Oct 20 high. Tuesday's move lower resulted in a break of support at 113.00, the Oct 12 low. The breach of this support signals scope for a deeper pullback and opens 112.08, Sep 30 high. This short-term sell-off is still considered corrective and is allowing a recent overbought condition to unwind.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBank of Japan (BOJ) Market NewsBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBank of Japan (BOJ) Market NewsBulletMarketsForeign 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.