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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 AccessThe JPY continued to struggle in spite of.....>
FOREX: The JPY continued to struggle in spite of the BOJ cutting the size of its
25+ Year Rinban operations, in a move that caught JGB traders off guard.
Nonetheless, a buoyant session for risk appetite (namely Asia-Pacific equities)
underpinned the major JPY crosses which extended through their respective recent
highs. USD/JPY last trades at Y112.75, with bulls looking to July's best levels
(Y113.17). EUR/JPY last trades at Y132.80, with bulls looking to the pair's
April highs (Y133.49).
- AUD/USD managed to edge away from lows after S&P affirmed Australia's AAA
credit rating, and raised its outlook to stable from negative, with the rate
last dealing unchanged at ~$0.7290.
- Elsewhere it was a fairly limited session with the remaining major USD pairs
sticking to tight ranges.
- Focus on Friday turns to Canadian CPI & retail sales and flash PMI readings
from across the Eurozone.
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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.