Free Trial

Stuck in a Range USDJPY remains....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Stuck in a Range
USDJPY remains stuck in a tight range between resistance at 110 and support at
its 21-dma at 108.98. An upside break would extend the recovery towards the
100-wma at 110.87, ahead of the 200-dma at 111.27. On the downside, a close
below the 21-dma would target the 108.00 level, below which would suggest a
resumption of the broader bearish trend.

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.