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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 AccessUSD/JPY added 15 pips overnight and......>
DOLLAR-YEN: USD/JPY added 15 pips overnight and last sits at Y108.06 as solid
Chinese Q2 GDP & June macroeconomic indicators revived risk appetite, applying
pressure to safe haven FX. The yen ended up as the worst G10 performer.
- Worth highlighting that liquidity is sapped today due to a market
closure/public holiday in Japan.
- Following a break above the 21-DMA at Y108.03, bulls look to extend gains as
they target the cloud Tenkan Sen/200-HMA at Y108.26/28. Conversely, a fall off
the Y108.00 handle would encourage bears to set their sights on Y107.81, where
the pair bottomed on Friday. Below lies the key trendline support at Y107.27.
- Points of interest this week include Japanese trade data and CPI, due on
Thursday and Friday respectively, as well as the usual BoJ Rinban operations.
Any developments in the ongoing trade conflict between Japan and South Korea
will also draw attention.
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.