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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
JPY: Off Highs But Still Afloat
GBP/JPY still on the front foot, last +74 pips at Y138.32, although it has ebbed off its initial highs and moved into last Friday's range. Sterling remains the best G10 performer, owing to the decision to delay Brexit talks deadline.
- Meanwhile, the yen has been limited by the initial risk-on impulse, linked to optimism re: U.S. fiscal matters & imminent Pfizer Covid-19 vaccine rollout.
- The rate failed to make headway beyond the 50% retracement of the Sep 22 - Dec 4 rally at Y136.88 last Friday and backed off there, trimming intraday losses. A rally through Dec 9 high of Y140.33 would allow bulls to take aim at Dec 4 high of Y140.71. On the flip side, a fall through aforementioned retracement level/Dec 11 low at Y136.88/80 would bring the 200-DMA at Y135.62 into play.
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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.