Free Trial

Stuck In Range The key 112 level...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Stuck In Range
The key 112 level held on a closing basis yesterday keeping up trendline support
from the March lows intact for now. Bulls need to break above the 21-dma at
112.86 to allow a challenge of the YTD highs at 114.55. Bears need a close below
the up trendline support/50-dma at 112.07/13 to make the case for a reversal,
opening the 100-dma at 111.54. 

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.