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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Early Geopol Risk Roils, Focus Turns To Fed
MNI ASIA MARKETS ANALYSIS: South Korea Rescinds Martial Law
Strong Usd/Jpy demand emerged in.........>
DOLLAR-YEN: Strong Usd/Jpy demand emerged in Tokyo, large Japanese names were
mentioned as the stand out buyers with speculative buys from the retail
sector(Mrs Watanabe) said to have provided the main drive. Reported comments
from Japanese FinMin Aso that he doesn't see a problem with Usd/Jpy around
Y110.80, more concerned with sharp moves, also aided the extended recovery off
Monday's low of Y110.33 (early Asia low Y110.48) to Y110.98. Offers placed into
Y111.00 provided resistance before rate eased off to Y110.75. Asian traders have
reported that those that went short on the recent break below Y110.80 have left
stops above Y111.20. Expect sell interest to be placed ahead. Minor support
reported back in place around the Y110.50 level with stronger interest now seen
placed toward Y110.00.
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.