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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 weakened overnight after the BoJ......>
FOREX: The Jpy weakened overnight after the BoJ sent another dovish signal, the
bank increased 5-10y purchases by Y40bn and conducted a fixed rate unlimited
operation. Usd/Jpy squeezed to react highs of Y109.66, before Japanese exporter
supply countered. The dip attracted fresh demand interest, firmer UST yields
aided the recovery to hold around the Y109.65/70 area.
-The buoyant tone spilled over into Europe, Usd/Jpy extended gains to Y109.89
before fading.
-Eur/Usd remained elevated via the crosses, particularly Eur/Jpy which extended
to multi-year highs of Y137.40. Profit take sellers later emerged to settle in
narrow range trade.
-Eur/Gbp demand capped cable gains, the release of soft UK Construction PMI
(50.2 vs exp 52.0) added fresh weight to $1.4208. Expect support at $1.4200.
-Weaker Aud/US yield spreads continued to pressure the AUD, slippage through
$0.8000 extended to $0.7982.
-US Non-Farm Payrolls the highlight at 1330GMT with main attention on the AHE
component for direction.
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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.