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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.
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JPY: USD/JPY Slips to New Daily Lows, Some Eye Tel Aviv Rocket Headlines
- USD/JPY slipping to new daily lows - rate sheds around 50 pips over a few minutes on no new headlines or dataflow - JPY futures show a decent volume spike at 1414BST/0914ET, with over 3,500 contracts changing hands inside 60 seconds, making for comfortably the largest volumes of the day so far and topping that seen in the PPI reaction.
- Further weakness through today's lows exposes 146.68, the 23.6% retracement of the bounce off the pullback low printed in early August.
- Some eyeing reports of explosions being heard in Tel Aviv, with Israel's N12 News reporting that rockets launched from Gaza had landed off the coast - no casualties reported so far. Would mark the first time in a few months that rockets had been launched from Gaza into central Israel.
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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.