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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
*Aug24 Dollar-yen open Y109.04, range...>
YEN SUMMARY: *Aug24 Dollar-yen open Y109.04, range Y108.85 to Y109.25
*Dollar-yen opened in Asia toward the lower side of yesterday's Y108.82 to
Y109.83 range, where risk-aversion following Trump's comments pressured the yen
higher.
*Risk-off theme continued in early Asia pushing the dollar down from around
Y109.00 to a base of Y108.85, with a Japanese Trust name a noted seller.
*Tokyo-fix related demand and a 'decent' buyer of Euro-yen then saw the dollar
climb higher from near Y108.90 to Y109.20
*Dips were shallow and limited to Y109.12, another round of buying pushed the
dollar to a fresh top of Y109.25, with firmer US rate yields said to have
encouraged the move
*For the balance of the session the dollar consolidated around Y109.20
*Resistance is located at Y109.22/34 (38.2%/50% fib Y109.83-Y108.85), while
Asia's Y108.85 provides initial support
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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.