Trial now
USDJPY TECHS

Testing Trendline Support Again

EURGBP TECHS

Attention Is On Resistance

GBPUSD TECHS

Through 1.4000

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C May 10, 2021

EURUSD TECHS

Resumes Its Upleg

EUROSTOXX50 TECHS

(M1) Clears 4000

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has largely traded in lock step with U.S. Tsy futures in
early dealing this week, tracking NAFTA sentiment, albeit sticking to a narrow
range.
- USD/JPY last deals at Y113.86, with a modest degree of JPY pressure creeping
in around the Tokyo fix.
- Bulls remain in charge with the next upside target at Y114.00, a level which
is reported to hold option-related resistance. A break here would likely
accelerate the move, targeting the November 2017 high (Y114.73). Bears target a
break of the September 20 low (Y112.04) & retracement toward the Y111.60 level
to shift the outlook back to neutral.
- The JPY has had little/no reaction to the BOJ altering its purchase range for
its October Rinban operations back on Friday, with focus set to fall on this
week's operations and Japanese wage data.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com