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Free AccessJPY Slips to Lowest Levels of the Day
JPY sales helping push USD/JPY to the best levels of the session in recent trade, with pair now narrowing in on Jul14 high and first resistance at 110.70.
- Any break above here could initially open the 1.0% 10-dma envelope at 111.22 as well as narrow the gap with largest option in the pair due to roll off today: $500mln at 110.75.
- US PMI data takes focus going forward, with the flash reading expected to slow very slightly from previous at 62.0 for manufacturing, 64.5 for services.
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.