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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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Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Firmer And Holding Above Support.....>
EURO-YEN TECHS: Firmer And Holding Above Support
*RES 4: 122.61 High Jun 9
*RES 3: 122.12 High Jun 16 and key near-term resistance
*RES 2: 121.23 High Jun 17
*RES 1: 121.10 High Jun 23
*PRICE: 120.76 @ 10:47 BST Jun 29
*SUP 1: 119.81 Low Jun 26
*SUP 2: 119.31 Low Jun 22 and the bear trigger
*SUP 3: 118.60 Low May 29
*SUP 4: 118.25 61.8% retracement of the rally between May 6 - Jun 5
EURJPY is firmer this morning. The cross found support on Jun 22 and defined a
near-term base at 119.31. If the recent move higher marks the end of the recent
drop in the cross, price action will need to hold above 119.31. A recovery would
open 122.12, Jun 16 high and the next key hurdle for bulls. The intraday upside
trigger is 121.10, Jun 23 high. On the downside , a move below 119.31 would
reinstate recent bearish pressure and open 118.25.
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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.