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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.
JPY
{JN} JPY: USD/JPY trades as high as Y150.81 but holds below the ’24 high (Y150.89)
- The move higher in global yields has weighed on the JPY.
- Our technical analyst has noted that the trend outlook for the pair remains bullish and the latest pause appears to be a bull flag formation.
- A break of the early ’24 peak would expose the Nov ’23 highs and increase the risk of intervention out of Tokyo.
- Recent moves have triggered increased vigilance and comments on the part of the Japanese authorities.
Fig. 1: USD/JPY
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
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