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Why MNI
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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: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
Hovers Above Key Support *RES 4:...>
DOLLAR-YEN TECHS: Hovers Above Key Support
*RES 4: 109.38 High Apr 6 and near-term bull trigger
*RES 3: 109.06 High Apr 9
*RES 2: 108.59 High Apr 10
*RES 1: 108.08 High Apr 16 and 17
*PRICE: 107.63 @ 06:12 BST Apr 24
*SUP 1: 106.92/93 Low Apr 1 and bear trigger / Low Apr 15
*SUP 2: 106.76 Low Mar 18
*SUP 3: 106.45 50.0% retracement of the Mar 9 - 24 rally
*SUP 4: 105.81 Low Mar 17
USDJPY is unchanged and and consolidating. The pair also continues to hover
above support 106.92, Apr 1 low. Attention remains on this support following the
failure at 109.38 on Apr 6. Losses through 106.92 would be bearish exposing
106.45, a Fibonacci retracement. In order to reinstate a bullish theme,
clearance of 109.38 is required. This resistance marks the key bull trigger and
a break would open 110.00 and beyond.
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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.