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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: European open Y108.97,......>
YEN SUMMARY: Dollar-yen: European open Y108.97, range Y108.91-109.27, NY open
Y109.76, range Y108.74-109.40
- The pair received a lift in early NY, as US Tsys yields bounced off their
lows. The rate grinded towards the intra-day high of Y109.27.
- The release of soft US CPI triggered sharp dollar sales through Y109.00, stops
targeted and triggered on the break of Y108.80 extended to Y108.74 before dip
buyers cushioned falls.
- Having pared post US CPI release losses, yen crosses supported with a move to
fresh daily highs of Y109.40. Traders suggested Russian Foreign Minister Lavrov
remarks (Rtrs) that said there is a Russian-Chinese plan to defuse situation,
behind the move.
- The dollar pared back its gains, following a dovish tone from the Fed's Kaplan
as the rate dropped towards Y109.00.
- The dollar recieved a lift, following US Tsys yields rising with the rate
grinding towards Y109.20 in to the NY close.
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.