Free Trial
USDCAD TECHS

Rally Fades, But Strong Weekly Gains

AUDUSD TECHS

Bears Threat Remains Present

US TSY OPTIONS

Late SOFR/Treasury Option Roundup

MNI EXCLUSIVE

St Louis Fed Director On Inflation, Growth

EURJPY TECHS

Needle Points North, Despite Friday Pullback

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Y109.51-Y109.61 Still The Next.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y109.51-Y109.61 Still The Next Region Of Resistance
*RES 4: Y110.27 61.8% Fibo of Y113.75-Y104.63
*RES 3: Y109.79 Feb 8 high, 
*RES 2: Y109.61 1.618 swing of Y109.20-Y108.54
*RES 1: Y109.51 1.618 projection target from Y105.66
*PRICE: Y109.31 @0812GMT
*SUP 1: Y108.75/85 Hourly support
*SUP 2: Y108.54 Apr 24 low
*SUP 3: Y108.13 Hourly base Apr 23
*SUP 4: Y107.78 Apr 13 high, now support
*COMMENTARY* Having capped the rally on Tuesday, the 50% Fibo retrace level at
Y109.19 relented under challenge on Wednesday. A sustained break will allow
Y109.51-Y109.61 next, a projection target from the Apr 2 base at Y105.66 and the
swing of the recent Y109.20-Y108.54 pullback. Meanwhile, nearest support rises
to Y108.85-Y108.75, loss will caution but eyes will likely be on the Apr 24 low
at Y108.54. Above Y109.61 and Y110.27-Y110.40 the next target range higher.

To read the full story

Why Subscribe to

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.