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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 EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
MNI EUROPEAN OPEN: A$ & Local Yields Surge Following Jobs Data
Since touching a low of Y109.02 at the...>
DOLLAR-YEN: Since touching a low of Y109.02 at the beginning of the week (May13)
Asian traders have reported Japanese investor demand, linked to fresh financial
year off shore investment, emerging to cushion the rate ahead of Y109.00 (also
likely to know BOJ upset at the strength of the JPY). With this interest
protecting the base the rate has now pushed higher, aided by the release of
stronger than forecast US Phila Fed and Weekly Jobless Claims which provided a
general boost for the USD, the move squeezing out weaker shorts as it edged
above Y109.80 though finding fresh resistance ahead of Y110.00. Rate touched a
high of Y109.97, currently finding support at that Y109.80 level. Friday option
expiries has a Y110.00 strike rolling off for $1.1bln.
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.