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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: USDJPY MOMENTUM INDICATORS.......>
DOLLAR-YEN: ###POV: USDJPY MOMENTUM INDICATORS POINT TOWARD FURTHER DOWNSIDE
PRESSURE
- Despite markets ignoring the weekend's military strikes, geo-political risks
remain which has seen USDJPY trigger bearish signals and could look set to
challenge the April 10 low (Y106.62).
- The US Dollar Index (DXY) touched monthly lows of 89.22 earlier today.
Seasonal patterns have also seen the DXY fall every April for the last 7 years.
- GBPUSD printed post-Brexit highs of $1.4377, EURUSD reclaimed $1.24 adding
further weight to the USD.
- The MNI FX Technical Signal Monitor is now generating overall bearish trend
signals for USDJPY. The latest CFTC data has seen JPY longs increase by 7k.
- Markets will be on alert for trade headlines when President Trump meets with
PM Abe later today.
RISK - Strong earnings from Johnson & Johnson, BofA & Goldman Sachs with further
release scheduled from IBM, Morgan Stanley & American Express could trigger
fresh risk appetite.
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.