Free Trial

Risk appetite improves with JPY crosses.........>

YEN
YEN: Risk appetite improves with JPY crosses extending gains across the board.
EURJPY recovered 70 pips before topping out at Y128.81, near-term resistance at
Y128.96 from the 76.4% fibo of Dec range at Y128.96, above here opens the Dec3
high & 100-dma at Y129.15/24. AUDJPY trades back above the 100-dma (Y81.22), to
Y81.35 targeting a break of Y81.87/88 (Dec6 high, 200-dma). CADJPY prints
Y84.69, bulls need a break of the 200-dma & Dec 7 high at Y84.97/85.08 to regain
control, opening Y85.21 which represents the 61.8% retracement of Y86.24-83.56. 

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.