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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
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USDJPY TECHS:
- RES 4: 117.53 High Jan 9, 2017
- RES 3: 116.87 High Jan 11, 2017
- RES 2: 116.09 1.764 proj of Apr 23 - Jul 2 - Aug 4 price swing
- RES 1: 115.52 High Nov 24
- PRICE: 114.56 @ 06:28 GMT Nov 26
- SUP 1: 114.27/113.59 20-day EMA / Low Nov 19 and a key support
- SUP 2: 113.20 50-day EMA
- SUP 3: 112.73 Low Nov 9 and a reversal trigger
- SUP 4: 112.08 High Sep 30 and a recent breakout level
USDJPY has struggled to hold onto recent highs and has traded sharply lower today. Recent price action has defined a key short-term resistance at 115.52, the Nov 24 high where a break is required to resume the recent upleg. Note that short-term weakness is likely a correction with the broader trend structure continuing to highlight an uptrend. The first key short-term support to watch is 113.59, Nov 19 low.
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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.