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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 AccessToday's Asia-Pac session has seen........>
DOLLAR-YEN: Today's Asia-Pac session has seen USD/JPY operate above the Y111.00
level, which capped rallies last week. The pair managed to close above the
figure on Monday, touching a fresh YTD high of Y111.24 in the process. Rate last
deals at Y111.05.
- Yesterday, the pair closed 37 pips higher, with JPY underperforming all of its
G10 peers save CAD, as a broader risk-on theme remained in play, fuelled by
Sino-U.S. trade developments.
- Yesterday's YTD high of Y111.24 provides the initial bullish target, while a
break above would open up the 200-DMA at Y111.31. On the downside, bears keep an
eye on the Y111.00 figure. A fall below would give them the green light for
challenging the 100-HMA & 100-WMA at Y110.78.
- BoJ's Kuroda has offered little in the way of substance during his latest
appearance in the Diet.
- Japanese focus this week turns to industrial output due Thursday, as well as
labour mkt data, Tokyo CPI & Nikkei m'fing PMI due Friday. Elsewhere, BoJ Policy
Board members Kataoka & Suzuki speak on Thursday & Friday respectively.
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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.