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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
One source highlights Goto-bi demand in JPY.....>
YEN: One source highlights Goto-bi demand in JPY crosses, with JPY crosses
garnering further support from the Nikkei 225 erasing its early losses following
the elongated holiday weekend, with the index now ~+0.4%.
- USD/JPY last Y108.40. Bulls need a breach of Friday's peak at Y108.60 before
targeting the psychological level of Y109.00, where the rate peaked on Jan 9.
- EUR/JPY last Y124.46 with bulls targeting the hourly high from Jan 11
(Y124.53), followed by the Jan 11 high of Y125.00.
- AUD/JPY last Y78.18. Bulls look for a jump above the Y78.30/35 area, which
covers a series of recent intraday highs, which would open up the 61.8%
retracement of the move from Y84.02 to Y70.64 at Y78.92.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.