Free Trial

Japan June Inflation Accelerated; +2.2% Y/Y


Attempting To Break Above 1.1100

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EQUITIES: TECHS: On Tuesday we highlighted a potential reversal in the NASDAQ:
- A bearish engulfing candle reversal unfolded Monday.
- The potential significance of this pattern is reinforced by a clear bearish
divergence between price direction (up) and momentum (signalling down).
- The recovery from yesterday's low is at this stage seen as a correction and
Monday's high/low range represents a strong band of resistance.
- Key resistance has been defined at 10824.79, Jul 13 high where a break is
would negate Monday's bearish pattern and confirm a resumption of the uptrend.
- Watch supports at 10182.46, yesterday's low and 10146.76, the base of a bull
channel drawn off the Apr 3 low.
- A break of both levels strengthen an argument that suggests bullish sentiment
has soured.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.