Free Trial

Risk Improves Risk on flows........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Risk Improves
Risk on flows spilled over into Europe underpinned by the recovery in global
equities. USDJPY improved to 108.30 with near-term focus on a break of Monday's
high & the 100-hma at 108.45/53. Consolidation above would cement the uptrend,
opening the psychological 109 level & 38.2% retracement at 109.27. Bears need a
move back under 108.00, before challenging the Jun 4 & Jan 10 lows at 107.85/77.

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.