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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 AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
Dollar-yen: Europe open Y112.15,........>
YEN SUMMARY: Dollar-yen: Europe open Y112.15, range Y111.86-112.19, NY open
Y112.14, range Y111.69-112.27
*Persistent cross supply added fresh weight to Y111.92, but later staged a
recovery to the Y112.10/15 area in late European trade.
*The stg-yen break of Y149.00 provided added support in early NY with rate
grinding towards Y112.25.
*The release of soft headline and core CPI triggered fresh dollar
sales with a move back under Y112.00, rate touched extended pullback lows of
Y111.69.
*Broad based dollar demand into the European close, as profit takers
emerged witnessed the rate grind back towards Y112.00. Traders reported light
resistance at Y112.00.
*As US Tsys yields slipped and XAU rose, in reaction to the FED's Kaplin
witnessed the rate drop towards Y111.80.
*The pair bounced between Y111.80/90 for the majority of the NY afternoon, as
the market looked to reaction from Iran after President Trump's speech.
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.