MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Short-Term Bearish Risk Still Present

USDJPY TECHS
  • RES 4: 111.71 High Mar 24
  • RES 3: 111.30 High Mar 26, 2020
  • RES 2: 110.55/97 High Apr 6 / High Mar 31 and the bull trigger
  • RES 1: 109.94 High Apr 7
  • PRICE: 109.39 @ 06:19 BST Apr 13
  • SUP 1: 109.00 Low Apr 8
  • SUP 2: 108.41 Low Mar 23 and key support
  • SUP 3: 107.99 50-day EMA
  • SUP 4: 106.97 Low Mar 4

USDJPY still appears vulnerable following the recent pullback from the Mar 31 high. The pair last week breached support highlighted by the 20-day EMA, at 109.38 today. A clear break of the average would suggest scope for a deeper pullback towards the 109.00 handle and 108.41, Mar 23 low. The current pullback is allowing a recent overbought trend condition to unwind. Initial resistance 109.96, Apr 9 high.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign 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.