Free Trial

UST Yields Aid The Recovery........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: UST Yields Aid The Recovery
USDJPY was quick to pare Asia losses with the recovery extending back through
110.90. Bulls need to clear recent range highs & 200-dma at 111.24/31 to
reignite upside momentum, a break opens a run at the 111.35/45 area which
registered a series of previous highs through December. Bears need to clear the
Feb 15 low & 50-dma at 110.26/109.80 to regain control. Below here would bring
the 109.50/55 level back into view which holds the Feb 6 low & 61.8% fibo
support.

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.