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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 AccessJPY comfortably sits at the bottom of G10.......>
YEN: JPY comfortably sits at the bottom of G10 having witnessed a big swing in
overnight trade. Early risk-off was quickly faded after the PBoC announced it
will auction CNH30bn worth of bills and fixed the USDCNY mid-point below
expectations.
- USDJPY rallied +150 pips to Y107.09, but has since given back light gains to
hold Y106.45/50. Resistance is seen through Y107.20/30 from a series of previous
lows, a break opens the 50% retracement of the Aug fall at Y107.42.
- AUDJPY improved off multi-month lows to Y72.71. Technically the cross remains
heavily oversold with an RSI reading of 26. Bulls initial upside focus is on the
Aug 2 high at Y73.16, a break opens the Jun 18 low at Y73.93.
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.