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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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Corrective pullback away from Friday's...>
DOLLAR-YEN: Corrective pullback away from Friday's NFP react high of Y109.85
extended through Tuesday trade to a low of Y107.62 with rate currently holding
close to its 76.4% retracement level of Y107.74 (Y107.09-109.85). A break below
Y107.62 to expose Y107.46(61.8% Y105.99-109.85). The USD came under general
pressure through Tuesday's NY session, though JPY was already paring Friday's
losses as market looked to adjust positions ahead of Wednesday's FOMC monetary
policy announcement.
To read the full story
Sign up now for free trial access to this content.
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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.