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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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Free AccessMNI EUROPEAN OPEN: A$ & Local Yields Surge Following Jobs Data
MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday
New Multiweek Low
- RES 4: 107.53 High Jul 20
- RES 3: 107.32 Trendline resistance drawn off the Mar 24 high
- RES 2: 106.95/107.05 High Aug 28 and Aug 13 and the bull trigger
- RES 1: 106.55 High Sep 3
- PRICE: 105.49 @ 16:55 BST Sep 15
- SUP 1: 105.30 Low Sep 15
- SUP 2: 105.20/10 Low Aug 28 / and the bear trigger
- SUP 3: 104.86 76.4% retracement of the Jul 31 - Aug 13 rally
- SUP 4: 104.19 Low Jul 31 and a major support
USDJPY traded lower again Tuesday. A bearish theme dominates following a sharp reversal on Aug 28. The candle pattern confirmed on this day is a bearish engulfing reversal that remains valid. The pattern highlights a bearish risk and signals scope for a test of 105.10, Aug 19 low. A break would open 104.19, Jul 31 low. On the upside, initial firm resistance is at 106.55, Sep 3 high. Key resistance though is at 106.95/107.05.
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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.