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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Corrective Cycle Extends
- RES 4: 111.71 High Mar 24
- RES 3: 111.30 High Mar 26, 2020
- RES 2: 110.55/97 High Apr 6 / High Mar 31 and the bull trigger
- RES 1: 109.94 High Apr 7
- PRICE: 109.63 @ 17:21 GMT Apr 9
- SUP 1: 109.00 Low Apr 8
- SUP 2: 108.41 Low Mar 23 and key support
- SUP 3: 107.87 50-day EMA
- SUP 4: 106.97 Low Mar 4
USDJPY was under pressure into the week's close, trading lower and extending the pullback from the Mar 31 high extends. The pair has breached support highlighted by the 20-day EMA at 109.35. The break lower suggests scope for a deeper pullback with attention turning to the 109.00 handle ahead of 108.41, Mar 23 low. The current pullback is allowing an overbought trend condition to unwind. Initial resistance 109.94, Apr 7 high.usdjpy
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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.