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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 Access### POV: CAN'T STOP THE USD -............>
DOLLAR-YEN: ### POV: CAN'T STOP THE USD
- Denuclearisation talks have further propelled the USD in recent sessions which
could see USDJPY look to challenge the key 110.00 area.
- The MNI FX Positioning Indicator shows USD sentiment has reached the highest
levels since May 2017.
- The DXY has broken above the 200-dma, gold has traded through the 100-dma to
6-week lows of 1308.40.
- MNI's Markets team highlighted global decoupling is underway and the USD can
rally further. The analysis piece notes that US GDP & Employment Cost Index data
last Friday brought further evidence of mounting price pressures, and bolstered
not just the case for Fed rate hikes, but also for USD outperformance going
forward.
- The MNI FX Technical Signal Monitor is currently showing outright USDJPY
bullish sentiment in the short/medium term.
RISK - The US jobs report is scheduled for release on Friday, a soft reading
could pare recent gains with the 100-dma providing near-term support at Y108.81.
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.