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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: Europe open Y111.64,........>
YEN SUMMARY: Dollar-yen: Europe open Y111.64, Europe range Y111.56-88, NY open
Y111.57, range Y111.20-111.59
*The dollar encountered fresh selling pressure into NY, rate moved
through the European low to Y111.49 before dip buyers cushioned falls.
*Stronger than expected US Building Permits/Housing Starts with added
improved revisions witnessed the dollar extend its recovery off earlier traded
lows (Y111.42) to Y111.57, before fading.
* The dollar failed to build and pared post US data gains to print
fresh daily lows of Y111.25, dip buyers emerged pushing the rate towards
Y111.50.
*A sharp drop in the pair, in react to Trumps comment, "that we will
destroy NK if they continue", the rate fell to a fresh intra-day low of Y111.20
before bouncing back towards Y111.40.
*The dollar continued to pare back its losses as US Tsys yields moved
higher, as the rate grinded towards Y111.80, before meeting supply and dropping
towards Y111.40.Dip buyers emerged pushing the rate back over Y111.50
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.