Free Trial

The JPY is seemingly benefitting from the.......>

YEN
YEN: The JPY is seemingly benefitting from the weakness in the Antipodean FX
space on the back of a pullback in the Nikkei 225. & a soft round of NZ & AU
data.
- USD/JPY now trades at Y111.55. Medium-term bullish momentum remains in place,
with the failure to convincingly break below Y111.00 so far this week confirming
the upward trend, bears continue to focus on this level.
- EUR/JPY last trades at ~Y130.60, although technical momentum is clearly with
the bulls. On the downside, bears need a close below the Y128.50/55 area to
extend the corrective pullback to the 21-DMA (Y128.15).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.