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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.
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Free AccessMNI: Japan Govt Keeps Economic Assessment, Ups Imports
MNI EUROPEAN OPEN: CAD, MXN Weaken On Tariff Threat, JPY Firms
Steady Upward Trajectory *RES 4:.....>
EURO-YEN TECHS: Steady Upward Trajectory
*RES 4: 123.25 38.2% retracement 2018 - 2020 decline
*RES 3: 122.87 High Jan 16 and major resistance
*RES 2: 122.76 3.0% 10-dma envelope
*RES 1: 122.52 High Jun 03
*PRICE: 122.45 @ 17:03 BST Jun 3
*SUP 1: 121.15 High Mar 25
*SUP 2: 119.62 Low Jun 2 and key near-term support
*SUP 3: 118.87 Low May 29
*SUP 4: 118.12 20-day EMA
EURJPY maintains an impulsive bullish tone. Having taken out the late March
highs Tuesday, the cross rallied further Wednesday with attention now on 122.87,
the Jan 16 high and major resistance. At present, the RSI is flagging the cross
as the most overbought since mid-2017, which suggests further gains will be hard
fought, particularly with prices above both the 1.0% and 2.0% 10-dma envelopes.
Yesterday's low of 119.62 marks support.
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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.