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Free AccessThe cross sits at Y134.78 precisely in.....>
EURO-YEN: The cross sits at Y134.78 precisely in the middle of the Y134.68 to
Y134.88 range seen so far this morning. There was no discernible reaction to
upbeat Japanese data release a short time ago, Retail Sales for November came in
at 1.9% m/m, against expectations of 0.7%, while Industrial Production rose 0.6%
m/m, against consensus of 0.5%. Nikkei is not encouraging any appetite to trade,
the cash index currently trading around flat. Further range-trading seem likely
ahead of the European open. Above yesterday's new 2017 high of Y134.97, there is
a reported barrier, as usual, expect protection ahead and stops above, while
hourly support is seen around Y134.50.
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.