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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: PBOC Net Drains CNY345.9 Bln via OMO Friday
MNI: PBOC Sets Yuan Parity Higher At 7.1942 Fri; -1.48% Y/Y
MNI BRIEF: Japan Oct Core CPI Rises 2.3%, Services Rise
Usd/Jpy: Asia open Y109.22, range.......>
YEN SUMMARY: Usd/Jpy: Asia open Y109.22, range Y108.89-109.27. Europe open
Y109.06, range Y108.90-109.11.
* Having met decent support in the Y108.50/45 area Wednesday rate eventually
pushed up to Y109.40 in NY.
* Move survived a pullback to Y108.71(from Y109.17) on reaction to Fed Fischer
resignation).
* Rate drifted back to Y109.18 into the close with Asia extending this move to
Y109.12 in early trade.
* Move lower was given an added shove down to Y108.89 on report N.Korea
preparing missile launch Sep9.
* Market saw this as old news and rate corrected to Y109.22 before it resumed
drift lower through balance of session to Y108.90.
* Usd was seen generally softer through the European session, seen on position
adjustments ahead of ECB.
* Usd/Jpy support remains at Y108.70 ahead of stronger area between Y108.50/45,
Y108.20.
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.