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Free AccessGeneral pressure on the Usd allowed......>
DOLLAR-YEN: General pressure on the Usd allowed Usd/Jpy to eventually break
below Y110.80 in Asia, with triggered stops extending the slippage to Y110.58
ahead of the European open. Rate recovered, met resistance at its initial
downside stall level of Y110.90 before its eased off toward Y110.80 in early
Europe. Talk in Asia suggests decent demand now seen at Y110.50(talk into the
end of last week had placed interest between Y111.00-110.80). A break of Y110.50
to expose the Y110.15/00 area. Resistance now seen at Y111.20.
To read the full story
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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.