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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: Japan Oct Real Wages Unchanged Y/Y
MNI ASIA OPEN: Focus on November Jobs Ahead Fed Blackout
MNI ASIA MARKETS ANALYSIS: Consolidation Ahead Nov Jobs Report
Break Of Y107.31 Opens Up For......>
DOLLAR-YEN TECHS: Break Of Y107.31 Opens Up For 2016 Low Test
*RES 4: Y108.94 High Feb 12
*RES 3: Y108.42 Low Feb 12 now resistance
*RES 2: Y108.03 Low Feb 9 now resistance
*RES 1: Y107.41 Hourly support Feb 13 now resistance
*PRICE: Y107.12 @ 0530GMT
*SUP 1: Y106.82 2018 Low Sept 14, Hourly Support
*SUP 2: Y106.33 Daily Bear channel base
*SUP 3: Y105.89 High Nov 9 now support
*SUP 4: Y101.15 Monthly Low Nov 9 2016
*COMMENTARY: The sell-off now sees the pair hesitating ahead of the 2017 low as
layers of resistance accumulate and weigh. Bears need a close below Y107.31 to
confirm a break of the LT rising TL off 2012 lows coming in around Y107.87
today. Below 2017 lows then shifts overall focus to 2016 lows at Y98.08. Bulls
now look for a close above Y108.42 to ease bearish pressure and above Y109.79 to
confirm breaks of the 21-DMA (Y109.54) and bear channel top.
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.