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Why MNI
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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 AccessOn Friday the Japanese government announced...>
JAPAN: On Friday the Japanese government announced that they would reappoint
Haruhiko Kuroda as Bank of Japan Governor for a second term according to reports
in Kyodo, Kurodas current term was due to end in April. The announcement should
serve to assuage some trepidation in markets, confirming a steady hand on the
tiller of the current easy policy.
- Recent comments from Kuroda have served to reiterate that he intends to
continue persistent and powerful easing until the 2% inflation target is hit.
Despite this, comments from Kuroda at Davos, as well as "reversal rate"/adverse
effects of easing rhetoric have caused some BoJ watchers to doubt committment to
the easing process.
- Japanese markets are closed today for Foundation Day, but the news could
filter through to some yen weakness, the market is still heavily skewed to
shorts in yen - despite recent strength on bouts of market volatility - which
could exacerbate any moves. USD/JPY last down 20 pips at 108.59 based on USD
weakness.
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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.