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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: Europe open Y110.13, range.....>
YEN SUMMARY: Usd/Jpy: Europe open Y110.13, range Y109.91-110.16, NY open
Y109.96, range Y109.95-110.69
*Rate dropped towards intra-day low of Y109.91 just ahead of the NY open. As NY
entered the fray the rate bounced towards Y110.15, following US Tsys yields.
*Following a small drop in US Tsys and XAU getting a lift, witnessed
the rate drop towards Y109.91.
*A sharp spike in US Tsys yields, saw the rate jump to Y110.25.
*Broad based dollar demand continued, as US Tsys yields rose, saw
the rate spike to a fresh intra-day high of Y110.59
*A further wave of dollar demand following US Tsys yields rising and
gold continuing to get dumped on, saw the pair print a fresh high of
Y110.69.
*The dollar pared back some of its gains following US Tsys yields
slipping and gold paring back some of its losses, with the rate dropping towards
Y110.45.
*A late spike in US Tsys yields witnessed the rate grind back over Y110.60.
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.