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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: Aussie Q3 GDP Prints At 0.3% Q/Q
MNI ASIA OPEN: Early Geopol Risk Roils, Focus Turns To Fed
USD/JPY continues to probe the water.....>
DOLLAR-YEN: USD/JPY continues to probe the water below Y107.00 and last trades a
touch away from lows and 34 pips worse off on the day, at Y106.96.
- A combination of equity sell-off led by Chinese stocks and flaring U.S.-Iran
tensions generated demand for safe haven assets, lending support to the yen
after the Tokyo fix. Chinese equities struggled on the back of liquidity worries
flagged in a number of press reports. Elsewhere, Teheran declared that U.S.
sanctions imposed on Iran on Monday close the diplomatic path to resolving
bilateral tensions forever.
- JPY ignored the minutes from the BoJ's April meeting, during which the Bank
tweaked its forward guidance.
- Bears now look to the 76.4% retracement of the Jan 3-Apr 24 rally/bear channel
base drawn off Apr 24 high at Y106.50/39. Bulls need to recover Y107.00 before
attempting a run at the Jan 4 low of Y107.52.
- Japanese retail sales data is exp. on Thurs; industrial output, unemployment
and Tokyo CPI hit on Fri. Also on Fri, the BoJ releases the summary of opinions
from its latest MonPol meeting & BoJ's Wakatabe is set to speak on Thurs.
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.