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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: Nov3 close Y114.08, Nov6....>
YEN SUMMARY: Dollar-yen: Nov3 close Y114.08, Nov6 Asia range Y113.95-114.73,
Europe Y114.05-43
*Euro-yen: Nov3 close Y132.42 Nov6 Asia range Y132.39-133.12, Europe Y132.30-83
*Dollar-yen opened firm in Asia, Tokyo fix-related demand lifted from Y114.20 to
Y114.44 with added support from UST yields
*Stops were triggered through Y114.50, gains extended to Y114.73 with some
attributing the move to Governor Kuroda remarks on inflation and will
persistently continue powerful easing
*As UST yields faded, the minor pullback encountered willing dip buyers ahead of
Y114.20 (Y114.22 - Hourly low) into Europe
*Dollar-yen squeezed to Y114.43 but with lack of follow through was quick to
pare gains. Cross sales started to pressure, rate touched Y114.05 before dip
buyers cushioned falls
*Svcs PMI readings across Europe were weak, eur-usd dipped back under $1.1600,
the cross extended its corrective pullback through the Asia low to Y132.30. Yen
pairs later recovered, last Y132.42/Y114.14.
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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.