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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 China Daily Summary: Monday, November 25
Dollar-yen: Aug18 close Y109.14,........>
YEN SUMMARY: Dollar-yen: Aug18 close Y109.14, Aug21 Asia range Y109.16-42,
Europe Y108.90-109.29
*Euro-yen: Aug18 close Y128.38, Aug21 Asia range Y128.27-64, Europe
Y127.84-128.43
*Dollar-yen opened in Asia toward the upper side of Friday's Y108.60-Y109.60
range, where news that Steve Bannon left the Trump administration underpinned
both US rate yields and the greenback
*As markets witnessed a rather subdued session, Tokyo-fix related demand was
countered by soft Asian equities to hold a narrow Y109.16-42 range
*Consolidation spilled over into early Europe, dollar-yen traded Y109.25/30
*Persistent selling via yen crosses emerged, rate moved through the Asia low
*Recovery efforts remained shallow, reported bids at Y109.00 were taken out to
print extended pullback lows of Y108.90
*Euro-yen extended its corrective pullback through Y128.00, touched Y127.84
before dip buyers cushioned falls. Yen pairs staged a mini-recovery late morning
to hold Y128.05/Y109.06.
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.