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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 AccessSharp falls in global equities amid the.........>
YEN: Sharp falls in global equities amid the risk-averse theme has seen JPY sit
top of the pile in early NY.
- The break of Y106.00 in USDJPY triggered renewed supply from momentum type
accounts to Y105.78. This keeps the longer-term bearish trend intact with key
support from the ytd low at Y105.05, ahead of the psychological Y105.00 level.
- EURJPY's follow through the 100-hma, extended to Y118.29. Expect support on
approach to Y118.00 which holds the 76.4% retracement of this week's rally,
ahead of Y117.52, the Aug 12 low and former bear trigger.
- AUDJPY has now retraced 80% of yesterday's rally to Y71.37. A downside break
of Y71.00, returns the focus to the Aug 7 ytd low at Y70.74.
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.