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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
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Trading Above Support - For Now
- RES 4: 137.91 High Mar 8 and the bull trigger
- RES 3: 136.58 61.8% retracement of the Mar 8 - 13 bear leg
- RES 2: 135.76 61.8% retracement of the Mar 8 - 13 bear leg
- RES 1: 134.88 20-day EMA
- PRICE: 133.54 @ 10:55 GMT Mar 15
- SUP 1: 132.29 Low Mar 13
- SUP 2: 131.31 61.8% retracement of the Jan 16 - Mar 8 rally
- SUP 3: 129.81 Low Feb 10
- SUP 4: 128.09 Low Feb 2
Recent weakness in USDJPY highlights potential for a deeper corrective pullback. However, the pair has found support at 132.29, Monday’s low and for now remains above this level. 132.39 represents an important short-term support. A break would expose 131.31, a Fibonacci retracement point. For bulls, a resumption of strength would open the 136.00 handle and signal scope for a test of the bull trigger at 137.91, the Mar 8 high.
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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.