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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: Japan Govt Keeps Economic Assessment, Ups Imports
MNI EUROPEAN OPEN: CAD, MXN Weaken On Tariff Threat, JPY Firms
Downleg Resumes *RES 4: 110.46.....>
DOLLAR-YEN TECHS: Downleg Resumes
*RES 4: 110.46 High Feb 27
*RES 3: 109.68 High Feb 28
*RES 2: 108.58 High Mar 2
*RES 1: 107.74 Intraday high
*PRICE: 106.57 @ 16:52 GMT Mar 5
*SUP 1: 106.54 Low Mar 5
*SUP 2: 106.48 Low Oct 3 and key support
*SUP 3: 105.74 Low Sep 3
*SUP 4: 105.59 Low Aug 27
USDJPY bears gain control once again with the pair trading to a fresh low
Thursday below Tuesday's 106.85 low. This keeps bearish conditions in place
following last week's sharp decline that started off the Feb 20 high of 112.23.
Momentum studies are pointing south and this reinforces current bearish
conditions. The break of 106.85 opens 106.48 next. Initial resistance is now
placed at today's 107.74 high.
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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.