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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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Free AccessMNI US OPEN - RBNZ Cuts 50bps, OCR Forecast Slightly Higher
MNI China Daily Summary: Wednesday, November 27
105.00 next key level: *RES 4:.....>
DOLLAR-YEN TECHS: 105.00 next key level:
*RES 4: 107.21/28 Low Jul 18/50% retracement of the Aug fall
*RES 3: 107.09 High Aug 06
*RES 2: 106.47 High Aug 7
*RES 1: 105.98 100-hma/hourly resistance Aug 9
*PRICE: 105.30 @ 08:46 GMT Aug 12
*SUP 1: 105.21 Intraday low
*SUP 2: 105.00 Psychological support
*SUP 3: 104.87 YTD low
*SUP 4: 104.56 Low Mar 26 2018
USDJPY breached the key 105.50 level with the downtrend extending to 105.21
through Europe. Technical indicators continue to display a bearish outlook,
returning the focus to the psychological 105.00 level, ahead of the flash crash
ytd low at 104.87. Bulls need to clear last Tuesday's high at 107.09 to signal
scope for a corrective recovery towards the 50% retracement of the Aug fall at
107.29.
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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.