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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: PBOC Net Drains CNY216 Bln via OMO Monday
MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29
*Nov17 Dollar-yen open Y113.06, range...>
YEN SUMMARY: *Nov17 Dollar-yen open Y113.06, range Y112.40 to Y113.14
*Dollar-yen opened in Asia toward the middle of the Y112.76 to Y113.33 range
witnessed yesterday, where firmer US rate yields and stronger global equities
undermined the yen.
*The pair trading sideways between Y112.92 and Y113.14 in early Asia trade.
*Reports that Special Counsel Mueller has issued a subpoena for Russia-related
documents from Trump campaign officials caused widespread dollar weakness.
Dollar-yen eased lower from near Y113.00 to around Y112.80
*Once through yesterday's base at Y112.74 momentum increased to see the dollar
trade down to Y112.40 before meeting demand
*For the balance of the session the pair consolidated within a narrow Y112.45 to
Y112.61 range
*Hourly resistance is noted near Y112.95, while initial support is found at
Y112.38 (76.4% Y111.65-114.73).
*Focus is now on the opening of European markets and their reaction to the
Mueller/Trump news
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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.