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AUDUSD TECHS

Trend Needle Still Points South

EUROZONE ISSUANCE

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

EUROZONE ISSUANCE

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

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DOLLAR-YEN
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 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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