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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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USD/JPY advanced 34 pips Thursday and....>
DOLLAR-YEN: USD/JPY advanced 34 pips Thursday and last deals at Y113.60, with
most major equity index futures trading marginally lower at writing. Yesterday,
the yen finished at the bottom of the G10 pile after coming under pressure from
positive signals re: U.S.-China trade relations in early Asia-Pac hours.
- Bulls initially focus on Y113.71, where the rate peaked yesterday. Retaking
that level would allow them to target the Dec 3 high at Y113.85, followed by the
Oct 4 descending trend at Y113.92. On the downside, the next layer of support is
provided by Thursday's intraday low of Y113.21 and a break below would open up
the 50-DMA at Y113.02.
- Participants turn attention to the BoJ Tankan survey due to be released in ~10
mins. BoJ Rinban ops will also be of interest today.
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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.