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Free AccessJPY trades firm in early Europe with.....>
DOLLAR-YEN: JPY trades firm in early Europe with USD/JPY moving down to retest
its earlier Asian low of Y108.63. Month end flow models have suggested USD sales
to be seen at today's month-, year-end fixes, though the Citi model has
suggested that the signal for USD/JPY sales seen weak. Move seen more as a
reaction to the move lower in equities. However, a break of Y108.63 to expose
early December lows between Y108.46/43. Tokyo closed Tuesday and markets there
only reopen next Monday.
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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.