Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
DOLLAR-YEN TECHS: Stable, But Vulnerable
*RES 3: 109.73 High Dec 2 and key resistance
*RES 2: 109.50 High Dec 30
*RES 1: 108.87 High Jan 2
*PRICE: 108.35 @ 16:21 GMT Jan 6
*SUP 1: 107.77 Intraday low
*SUP 2: 107.72 38.2% retracement of the Aug 26 - Dec 2 rally
*SUP 3: 107.10 50% retracement of the Aug 26 - Dec 2 rally
Despite Monday's intraday stabilisation, the pair remains vulnerable to setbacks
after clearing support last week at 108.43, the Dec 4 low and 108.24, Nov 14
low. This further reinforces the developing short-term bearish threat.
Furthermore, support at 107.89, the Nov 1 low is also under pressure. A clear
breach of this level would expose 107.72 and 107.10, both retracement levels.
Near-term resistance has been defined at 108.87, Jan 2 high where a break is
required to ease the current downward cycle.