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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: Nov6 close Y113.75, Nov7....>
YEN SUMMARY: Dollar-yen: Nov6 close Y113.75, Nov7 Asia range Y113.70-114.01,
Europe Y113.97-114.34
*Euro-yen: Nov6 close Y132.07, Nov7 Asia range Y132.00-35, Europe Y132.06-42
*Japanese names were the early buyers in Asia, dollar-yen lifted from Y113.70 to
Y113.82 before fading
*UST yields continued firm, rate managed to grind out a high of Y114.01 but with
lack of follow through drifted ahead of Europe
*As the Nikkei surged to its highest close since 1992, UST yields provided the
early support. The break back above Y114.00 triggered demand from momentum-type
accounts to Y114.15
*Persistent demand interest squeezed to extended highs of Y114.34
*Euro-yen extended its corrective pullback off earlier traded highs (Y132.42) to
Y132.10. Dip buyers cushioned falls, recovery efforts squeezed to Y132.31 before
fresh eur-usd sales witnessed a deeper reversal to Y132.06
*Light demand is noted on approach to Y132.00 as traders eye the reported
eur-usd barrier at $1.1550 for clearer direction.
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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.