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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: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
Dollar-yen: European open Y113.19,......>
YEN SUMMARY: Dollar-yen: European open Y113.19, range Y112.65-113.10, NY open
Y112.71, range Y112.48-113.19
*The release of stronger-than-expected headline US Retail Sales
triggered fresh dollar demand to Y112.87, before immediately paring gains. The
move coincided with a $6 spike in gold which saw dollar-yen touch extended
pullback lows of Y112.48.
*As US Tsys yields firm and gold dropped, the rate followed suit
grinding to recovery highs of Y112.85.
* A fresh wave of dollar sales as the Dow dropped sharply and US Tsys
yields moved lower, the rate dropped towards Y112.60.
*Following a sharp drop in XAU and US Tsys yields recovering a little
witnessed the rate jump to recovery highs of Y113.08.
*As US tsys yields continue to claw back losses and gold fell further, the pair
grinded towards towards Y113.20.
*The dollar gave back some of its gains as US Tsys yields slipped with
the rate dropping towards Y112.90 towards 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.