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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 BRIEF: RBA Holds, Notes Declining Inflation Risk
MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
Trump prompted a USD dump on Thursday,...>
DOLLAR-YEN: Trump prompted a USD dump on Thursday, after the greenback had
rallied through much of the European session. The President stated his
discontent with rising interest rates, adding that a strong USD can make the
U.S. uncompetitive. The move was limited by a White House spokesperson
clarifying that Trump's views are well known and that he respects the
independence of the Fed, with a modest bounce observed in the USD.
- The initial headlines saw USD/JPY print a low of Y112.06, before the cross
experienced a modest rebound, last Y112.50, with no JPY reaction to the latest
round of Japanese CPI figures.
- This came after the cross touched a high of Y113.17 on the initial USD
strength that was observed on Thursday.
- Fresh 7-month highs in the cross lacked follow through with a bearish key day
reversal combined with daily studies correcting from overbought & daily momentum
divergence adding weight to the case for a correction back to 110.75. Bulls now
need a close above the July 18 low (Y112.69) to return pressure to Y113.24-74
where the 200-WMA, 2018 & Dec 2017 highs are located.
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.