Free Trial

Late SOFR/Eurodollar/Treasury Option Roundup


Holding On To Its Recent Gains

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Short-Term Outlook Still Bearish

  • RES 4: 140.07 High Jul 25
  • RES 3: 139.44 Trendline resistance drawn from the Jun 28 high
  • RES 2: 138.40 High Aug 10
  • RES 1: 137.18/90 20- and 50-day EMA values
  • PRICE: 136.33 @ 16:44 BST Aug 25
  • SUP 1: 134.95 Low Aug 16
  • SUP 2: 133.40 Low Aug 2 and a bear trigger
  • SUP 3: 132.66 Low May 12 and a key support
  • SUP 4: 131.99 61.8% retracement of the Mar 7 - Jun 28 bull leg

The EURJPY short-term outlook remains bearish. Moving average studies are in a bear mode condition highlighting a downtrend and the 50-day EMA, at 137.90, remains intact. This average is a key resistance. A strong resumption of weakness would open the 133.40 bear trigger. On the upside, clearance of resistance at the 50-day EMA would instead alter the picture and open the 139.44 trendline resistance drawn from the Jun 28 high.

MNI London Bureau | +44 203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.