Free Trial

USD/JPY is looking to break above the....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY is looking to break above the psychological Y112.00 level as
we approach the European crossover, after a brief foray above in early dealing. 
- The Nikkei 225's early strength waned, which saw the pair print session lows
of Y111.78, before the rate stabilised and ticked higher through the latter part
of the Asia-Pac session. 
- Bulls seek a close above the trendline at Y112.09 before targeting the 21-DMA
at Y112.75, which would give a green light to challenging the YTD highs at
Y114.55. Meanwhile bears keep an eye on Y110.60 ahead of targeting the 200-DMA
at Y109.84.

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.