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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 AccessRecovery In U.S. Equities & Move Higher In Tsy Yields Counters USD/JPY Selling
The uptick in U.S. Tsy yields and recovery in U.S. equities limit any downside in USD/JPY, with participants assessing cross-market inputs against the persistent carry/monetary-policy based JPY headwinds and worry re: official intervention in levels not too far north of prevailing prices, with spot last dealing around Y144.50. That leaves USD/JPY within a relatively confined range, little changed on the day with trend needles still pointing north. Bullish focus is on Y145.66, which represents a Fibonacci projection, with some protection coming in the form of the June 30 high at Y145.07. Also note that conditions remain the most overbought (as per the 14-day RSI) since mid-October. Key short-term support is at 142.09, the former bull channel top.
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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.