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Why MNI
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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 Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
Approaching Key Support
- RES 4: 106.95/107.05 High Aug 28 and Aug 13 and the bull trigger
- RES 3: 106.55 High Sep 3
- RES 2: 105.81 20-day EMA
- RES 1: 105.17 High Sep 17
- PRICE: 104.82 @ 06:03 BST Sep 18
- SUP 1: 104.26 1.382 proj of the Aug 13 - 19 rally from Aug 28 high
- SUP 2: 104.19 Low Jul 31 and a major support
- SUP 3: 103.80 1.618 proj of the Aug 13 - 19 rally from Aug 28 high
- SUP 4: 104.00 Round number support
USDJPY continues to weaken. A bearish theme dominates following a sharp reversal on Aug 28 and this week's selling pressure. The pair has cleared support at 105.20/10, Aug 28 and 19 low respectively and the recent near-term bear triggers. This strengthens the bearish case and reinforces recent bearish price patterns. The focus is on 104.19, Jul 31 low. Initial firm resistance is at 105.81, the 20-day EMA.
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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.