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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 AccessDollar-yen: Aug14 close Y109.66,........>
YEN SUMMARY: Dollar-yen: Aug14 close Y109.66, Aug15 Asia range Y109.61-110.28,
Europe Y110.25-48
*Euro-yen: Aug14 close Y129.23, Aug15 Asia range Y129.08-92, Europe
Y129.48-130.04
*Risk-appetite was again on the rise in Asia. Reports that N Korea had decided
not to launch missiles at Guam with added Trump reports that he is to sign an
executive order on infrastructure tomorrow, encouraged yen weakness
*The dollar rose steadily from the mid-Y109.70's to Y110.00, Tokyo-fix related
demand squeezed to Y110.23. Late demand from Japanese banks spilled over into
Europe triggering reported stops on the break of Y110.35
*Minor reversal encountered fresh dip buyers ahead of Y110.25, rate squeezed to
Y110.48 before momentum faded to consolidate for the balance of the session
*Euro-yen made a brief show back above Y130.00 but was quick to pare gains
following the soft German Q2 GDP release
*persistent euro-dollar supply weighed, rate touched pullback lows of Y129.48
before staging a mini recovery to the Y129.80/85 area.
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.