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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: PBOC Net Injects CNY11.0 Bln via OMO Tuesday
MNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
Focus Is Back On The Channel Top:....>
EURO-YEN TECHS: Focus Is Back On The Channel Top:
*RES 4: 120.01 High Sep 13 and the bull trigger
*RES 3: 119.38 High Sep 20
*RES 2: 118.67 Channel resistance drawn off Apr 17 high
*RES 1: 118.45 Intraday high
*PRICE: 118.37 @ 08:37 GMT Oct 10
*SUP 1: 117.08 Low Oct 3 and Oct 7
*SUP 2: 116.85 76.4% retracement Sep 3 - Sep 13 rally
*SUP 3: 116.13 Low Sep 4
*SUP 4: 115.87 Low Sep 3 and M/T bear trigger
EURJPY found support yesterday and has traded higher overnight in the Asia
session. The focus of attention returns to the key bear channel top that today
intersects at 118.61. The channel is drawn off the Apr 17 high. A breakout would
expose resistance at 120.01, Sep 13 high. Clearance of both these levels
confirms a reversal. On the downside, support lies at 117.08 where a break would
once again highlight the bearish threat and open 115.87.
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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.