Free Trial

USDJPY Bears Remains In The Driver's Seat

  • The USDJPY trend condition remains bearish.
  • The recent recovery from 140.97, the Dec 14 low, appears to be a correction.
  • On Dec 14, the pair breached support at 141.71, the Dec 7 low, to confirm a resumption of the downtrend that started on Nov 13.
  • This signals scope for a continuation of the bear cycle.
  • Key short-term resistance has been defined at 146.59, the Dec 11 high.

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.