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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
MNI: Japan Govt Keeps Economic Assessment, Ups Imports
Bearish Threat Remains Present
- RES 4: 137.27 76.4% retracement of the Jul 14 - Aug 2 downleg
- RES 3: 136.58 High Jul 28
- RES 2: 135.96 61.8% retracement of the Jul 14 - Aug 2 downleg
- RES 1: 134.02/35.58 50-day EMA / High Aug 8
- PRICE: 133.24 @ 06:38 BST Aug 15
- SUP 1: 131.74 Low Aug 11
- SUP 2: 130.41/130.00 Low Aug 2 / Round number support
- SUP 3: 129.51 Low Jun 2
- SUP 4: 128.64 Low Jun 1
USDJPY firm resistance has been defined at 135.58, the Aug 8 high. The sell-off on Aug 10 highlights a reversal of the recent correction between Aug 2 - 8. A bearish theme remains in place following the Jul 28 bull channel breakout. The channel is drawn from the Mar 4 low and the break confirmed a bear condition. A deeper pullback would open 130.41, the Aug 2 low and the bear trigger.
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.