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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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Free AccessMNI: PBOC Net Drains CNY345.9 Bln via OMO Friday
MNI: PBOC Sets Yuan Parity Higher At 7.1942 Fri; -1.48% Y/Y
Bulls Eye The 200-DMA: *RES 4:.....>
DOLLAR-YEN TECHS: Bulls Eye The 200-DMA:
*RES 4: 109.37 61.8% April - August Decline
*RES 3: 109.32 High Aug 1 and a key resistance
*RES 2: 109.07 200-DMA
*RES 1: 108.90 High Oct 15
*PRICE: 108.66 @ 04:59 GMT Oct 16
*SUP 1: 107.85 Low Oct 11
*SUP 2: 106.81 Low Oct 8
*SUP 3: 106.48 Low Oct 10
*SUP 4: 106.14/26 3.0% Lower Bollinger Band / Low Sep 5
USDJPY bullish outlook remains intact following recent strong gains, reinforced
yesterday with the confirmation of a clear break of the bull trigger at 108.48,
Sep 18 high. This confirms a resumption of the uptrend that has been in place
since Aug 26 low. The focus is on a test of the 200-DMA at 109.07. A move above
the average would open 109.32, Aug 1 high and 109.93, May 30 high. Initial
support lies at 107.85, Oct 11 low.
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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.