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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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Free AccessMNI US MARKETS ANALYSIS - CAD Slips as Trump Looks to Tariffs
MNI China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
Usd/Jpy: Dec14 close Y112.31, Dec15.....>
YEN SUMMARY: Usd/Jpy: Dec14 close Y112.31, Dec15 Asia range Y112.11-40, Europe
Y112.03-28
*Eur-Jpy: Dec14 close Y132.28, Dec15 Asia range Y132.16-47, Europe Y132.06-36
*Usd/Jpy opened heavy in Asia after it was reported three Republican Senators
are wavering on support for the US Tax Bill, should the vote go ahead next week
*Tokyo-fix related demand then pushed the dollar back to Y112.37
*Eur/Jpy sales with added weight from equities pressed to Y112.11 followed by a
quick spike to Y112.38 on reports that a BOJ dissenter had called for more
easing measures
*The pair was unable to consolidate gains and drifted throughout the session
*As soft UST yields pressured into Europe, Usd/Jpy slipped from Y112.28 to
Y112.03 before demand ahead of Y112.00 cushioned falls. The level also
corresponds to a large option expiry ($1.14bn) for today's NY cut
*Eur/Jpy largely tracked the dollar, a sharp reversal to Y132.06 encountered
willing dip buyers to consolidate Y132.20/30. Late demand squeezed to the
Y132.33/38 area, the move dragged Usd/Jpy to Y112.20.
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.