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Free AccessSlight uptick in USD/JPY as Monday's.....>
DOLLAR-YEN: Slight uptick in USD/JPY as Monday's highs are taken out, with the
rate last up 10 pips at Y107.34, highs of 107.37 seen on the move.
- Rate closed above the 50-DMA and high from Sep 5 on Monday, as U.S. Tsy yields
moved higher.
- Bulls are now looking to Y107.49, the 38.2% retracement of the move from
Y112.40 to Y104.46.
- Broader risk matters likely to dominate play, with little apparent on the
Japanese docket today.
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.