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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 EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
Focus remains squarely on the Yen
- Despite the small fade off the overnight lows in the Yen, focus in FX remains squarely on the Yen crosses.
- GBPJPY printed a fresh 9yrs high overnight, above last MOF interventions levels.
- GBPJPY didn't yet quite manage to challenge 201.00, printed a 200.743 high earlier.
- A clear break above the figure, would see next resistance at 201.870 - 1.00 projection of the Apr 19 - 29 - May 3 price swing, followed by 203.560 - Top of a bull channel drawn from the Jan 2 low.
- EURJPY still sees the next upside area of interest at 171.00 and 171.56, levels where it was trading on the 29th April, the first speculated intervention.
- AUDJPY found some good resistance at the 29th April peak of 104.943, managed a 104.866 on the Australian CPI beat overnight.
- For the Dollar, 157.59 in USDJPY is the next area to watch out for, not a tech level, just pre 2nd intervention level.
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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.