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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 AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
Support at 21-dma USDJPY has.......>
DOLLAR-YEN TECHS: Support at 21-dma
USDJPY has given up some of the large gains seen so far this week, finding
support around the 21-dma which comes in at 113.21. To the downside, the 50-dma
and 100-dma provide the next levels of support. Bears need to break the 100-dma
& double bottom support area at 112.20/25, to open a move toward 111.60, while
the 200-dma is placed behind at 110.70. In early Wednesday trading, USDJPY
extended the recent uptrend to bring the Dec 4 high at 113.66 into view. A close
above would see bulls target a break of the 114 level, which also holds the
descending trend line off Oct 4 highs.
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.