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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 edged higher in early............>
DOLLAR-YEN: USD/JPY edged higher in early indicative trade and despite easing
off sits a touch above neutral levels, at Y108.73. The uptick was likely driven
by a light risk-on feel inspired by new signals re: progress in U.S.-China trade
talks & Friday's showing from S&P 500, which neared record highs.
- This comes after the pair closed slightly higher Friday, amid positive risk
appetite & after S&P 500 flirted with record highs.
- From a technical point of view, a break above the Oct 17 high of Y109.94 would
encourage bulls to target the 200-DMA at Y109.06. Worth watching the 50-DMA,
which threatens to break above the 100-DMA. Bears look for a retreat below
Y108.36, the 23.6% retracement of the Oct bull market.
- Ex-BoJ Gov Shirakawa expressed doubts that the "Japanification" of monetary &
fiscal policy in other countries will prove effective.
- The Japanese docket this week is headlined by Thursday's monetary policy
decision from the BoJ. Data-wise, highlights include Tokyo CPI (Tuesday), retail
sales (Wednesday), flash industrial output (Thursday), as well as unemployment
and final Jibun Bank m'fing PMI (Friday).
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.