MNI BRIEF: Japan Corp Loan Demand Rises - BOJ Survey

BOSTIC: IF INFLATION REACCELERATES, HAVE TO CONSIDER HIKES

MNI BRIEF: Fed's Bostic - Rate Cut Likely At End of Year

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

JAPAN MARCH SERVICES PRICES +2.1% Y/Y; FEB +2.2%

MNI JAPAN MARCH CORE CPI +2.6% Y/Y; FEB +2.8%

MNI: FED BALANCE SHEET TOTAL ASSETS -$33B TO $7.406T IN WEEK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

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

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

Sights Set On The 145.90 Bull Trigger

USDJPY TECHS
  • RES 4: 146.52 1.236 proj of the May 24 - Jul 14 - Aug 2 price swing
  • RES 3: 146.03 2.764 proj of the Aug 2 - 8 - 11 price swing
  • RES 2: 145.90 High Sep 22
  • RES 1: 144.59 76.4% retracement of the Sep 22 range
  • PRICE: 144.21 @ 15:33 BST Sep 26
  • SUP 1: 141.90 20-day EMA
  • SUP 2: 140.36 Low Sep 22
  • SUP 3: 139.87 Low Sep 2
  • SUP 4: 139.03 50-day EMA

USDJPY traded in a volatile manner late last week. The pullback on Sep 22 resulted in a print below 141.90, the 20-day EMA. The trend structure remains bullish - for now - and recent weakness is considered corrective. A continuation higher would expose 145.90, the Sep 22 high and the next bull trigger. On the downside, key short-term support has been defined at 140.36, Sep 22 low. A break would highlight a short-term top in the trend.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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.