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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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Free AccessMNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Usd/Jpy: Europe open Y111.50, range.....>
YEN SUMMARY: Usd/Jpy: Europe open Y111.50, range Y111.34-53. NY open Y111.47,
range Y111.30-60.
* Fix-related and euro-yen demand lifted the pair to Y111.44 in early Asia.
* Pullback off early European highs (Y111.56) settled around the Y111.33/38
area. Traders reported continued thinned volumes.
* As UST yields firmed the dollar got an added lift to Y111.52. The pair was
seen approaching resistance from the daily high (Y111.56) before fading.
* Pullback off the high in UST yields has seen Usd/Jpy drift towards the
Y111.35/40 area in early NY.
* Persistent dollar sales extended to Y111.34 before meeting support from the
European low.
* Stops triggered in Eur/Usd provided fresh appetite for Eur/Jpy to Y132.50
before meeting the reported offers placed here.
* As the euro continued to strengthen Eur/Jpy tore higher and made intra-day
highs of Y133.24.
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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.