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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Dollar-yen: Aug4 close Y110.66, Aug7....>
YEN SUMMARY: Dollar-yen: Aug4 close Y110.66, Aug7 Asia range Y110.65-85, Europe
Y110.66-84
*Euro-yen: Aug4 close Y130.35, Aug7 Asia range Y130.25-62, Europe Y130.45-87
*Dollar-yen opened in Asia toward the upper side of Friday's Y109.85-Y111.05
range, where upbeat US NFP's underpinned the dollar
*Demand in Euro-yen from Japanese names lifted from Y110.70 to Y110.85 before
momentum faded
*As traders reported of light volumes the rate drifted to hold either side of
Y110.70 for the balance of the session
*The quiet theme spilled over into Europe, dollar-yen initially held Y110.66-76
*Firmer UST yields supported, rate squeezed to Y110.84 before resistance from
the Asia high countered
*Euro-yen spiked 20 pips to Y130.75, possibly linked to eur-chf following the
rise in SNB forex reserves
*Gains extended to Y130.87, but with lack of follow through triggered light
profit take sales. Yen pairs last Y110.80/Y130.80.
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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.