Free Trial

Trend Needle Still Points South


EGB Supply For W/C May 9, 2022 (2/2) - Recap


EGB Supply For W/C May 9, 2022 (1/2) - Recap

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
DOLLAR-YEN: The improved risk appetite outweighed the weaker USD theme in
USD/JPY trade on Thursday, allowing the rate to press on to Y112.05 in early
Asia-Pacific dealing.
- Bulls will be feeling a little more optimistic after the pair overcame the
Y111.75/85 resistance area, with their longer term focus now on the July 19 high
(Y113.17). Nearer term resistance is noted at the August 01 high (Y112.15),
followed by the 1.0% envelope 10-DMA (Y112.34). Conversely, bears target the
100-DMA at (Y110.66) and uptrend support at (Y110.60/54). Nearer term support is
located at Thursday's Asia session low (Y111.17).
- BOJ Rinban operations covering the 1-5 Year buckets headline today.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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.