Free Trial

The risk relief rally has seen JPY crosses......>

YEN
YEN: The risk relief rally has seen JPY crosses extend European morning gains at
the NY crossover. EURJPY trades back above Y128.00 to Y128.23 targeting a break
of Y128.43 which represents the 50% retracement of Y130.20-126.66. GBPJPY
touches highs of Y144.38, expect resistance around the Y144.95/00 area, a break
opens Y145.37 (38.2% of the October range). AUDJPY improves to Y79.76, targeting
Y80.02/10 (Oct24 high, 21-dma). CADJPY consolidates above the 100-dma (Y85.36),
holding near the peak of its Y85.29-85 daily range. NZDJPY prints Y73.58 and is
currently challenging resistance from the 21-dma, above here opens the Oct24
high at Y73.97. 

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.