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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Dollar-yen: Nov16 close Y113.04,........>
YEN SUMMARY: Dollar-yen: Nov16 close Y113.04, Nov17 Asia range Y112.40-113.14,
Europe Y112.45-64
*Euro-yen Nov16 close Y133.03, Nov17 Asia range Y132.81-133.16, Europe
Y132.62-98
*Despite positive news from House Republicans passing the tax-overhaul bill, the
dollar encountered fresh pressure overnight after the WSJ reported that Special
Counsel Mueller had issued a subpoena for Russia-related documents
*The move back under Y113.00 triggered renewed supply, Usd-Yen touched extended
pullback lows of Y112.40 before dip buyers cushioned falls
*As recovery efforts held shallow into Europe, the pair largely consolidated in
a narrow Y112.45-64 morning range
*Under pressure with the dollar, Eur-Yen made a show back under Y133.00 to print
extended pullback lows of Y132.81. Minor recoveries stalled ahead of Y133.00
into Europe, before fresh supply eased to the Y132.83/88 area
*Euro-based sales continued, rate touched lows of Y132.62 before dip buyers
cushioned to hold either side of Y132.70. Yen pairs last Y132.73/Y112.55.
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.