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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 AccessProbes Below Y103.50, Recovery Efforts Seen Shallow
- Recent reported strong support at Y103.50 was broken in Asia, the rate pressing down to Y103.42 before bouncing back to Y103.60.
- Asian traders had noted that the recent demand at Y103.50 had been pulled but suspect interest continues to lurk into dips.
- An easing in UST yields fuelled the move lower in Asia, but seen recovering into Europe allowing for the edge back above Y103.50.
- However, USD/JPY recovery efforts posting lower highs and seen keeping outlook toward the downside. A move above Y103.70, then Y104.00 seen needed to negate current short term pressure.
- Support now seen into Y103.30/20 ahead of Y103.00. Resistance above Y104.00 seen at Y104.20/30, Y104.50/60.
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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.