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Free AccessAnother move lower, but reports of.......>
DOLLAR-YEN: Another move lower, but reports of local corporate demand provides a
cushion. A slightly weaker dollar remains the theme in lacklustre Asia markets.
Further sideways trading is expected ahead of key economic data out of the US
tonight. Decent technical support is seen at Y111.96/82, the level holds 38.2%
fib retracement on Y109.56-Y113.44 and 200-dma, while Asia's high of Y112.31
provides initial resistance. Dollar-yen was last at Y112.12 and the range so far
has been Y112.02-Y112.31.
To read the full story
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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.