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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 Access-Despite a rise in BOJ purchases in the 3-5...>
FOREX: -Despite a rise in BOJ purchases in the 3-5 year sector by Y30bn, Usd-Jpy
failed to hold above Y109.00 overnight. The USD sold off following Trump's no
mention of strong dollar in his State of Union Speech and drifted to Y108.70.
-The soft USD theme initially spilled over into Europe, Usd-Jpy touched pullback
lows of Y108.60 before dip buyers cushioned falls.
-Disappointing headline and component CPI pressured Aud/Usd overnight to
$0.8047, but as USD sales emerged following Trump's speech, rate later recovered
to the $0.8080 area.
-A quiet morning in Europe saw Aud/Usd briefly make a show above $0.8100.
-The EUR encountered a fresh bid tone after strong French CPI data, Eur-Usd
triggered reported stops to $1.2463 but was quick to pare gains following the
soft Spanish CPI release. Headline EZ CPI came in above forecasts at 1.3% but
saw minimal react.
-Gbp/Usd tracked the early EUR move through $1.4200, touched $1.4213 before
mth-end related Eur/Gbp demand (possibly linked to the 1000GMT fix) pared gains.
FOMC provides the main event risk later at 1900GMT.
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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.