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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: ECB Expected To Cut Rates Later
MNI EUROPEAN OPEN: A$ & Local Yields Surge Following Jobs Data
Holds Onto Recent Gains *RES 4:....>
DOLLAR-YEN TECHS: Holds Onto Recent Gains
*RES 4: 110.67 High May 21
*RES 3: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 2: 109.93 High May 30
*RES 1: 109.61 High Nov 27
*PRICE: 109.47 @ 05:37 GMT Nov 29
*SUP 1: 108.88 Low Nov 26
*SUP 2: 108.24 Low Nov 14 and key support
*SUP 3: 107.89 Low Nov 1
*SUP 4: 107.57 38.2% retracement of the Aug 26 - Nov 7 rally
The short-term outlook USDJPY remains bullish. This follows the breach earlier
this week of resistance at 109.07, Nov 18 high. Furthermore, the pair traded
above former resistance on Wednesday at 109.49, Nov 7 high. This confirms a
resumption of the uptrend that has been in place since Aug 26 and opens 109.93
next, May 30 high. 108.24marks the key support. Initial support is at 108.88,
Nov 26 low.
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.