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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 ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
Risk aversion from Friday's imposition...>
DOLLAR-YEN: Risk aversion from Friday's imposition of increased tariffs on
Chinese goods into the US had pressed USD/JPY to Y109.48 on Friday but was able
to recover just above Y110.00 ahead of the close on calming comments from US
Trump concerning relationship with China. However, risk aversion was apparent
into Monday trade with USD/JPY pressed back to the Y109.60 area as markets
positioned for Chinese trade retaliation. Announced tariffs had minimal initial
impact before strong risk aversion USD/JPY sales emerged in early NY to drop
rate down to Y109.02. Market had been well positioned for this reactive move,
with profit take demand able to cushion the move. US Mnuchin comments that
US-China trade talks are ongoing, and working on when to travel to China, have
relieved some of the risk pressure as rate edges to Y109.35 at writing.
Resistance noted into Y109.50/60.
To read the full story
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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.