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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 AccessUsd/Jpy: European open Y112.51, range...>
YEN SUMMARY: Usd/Jpy: European open Y112.51, range Y112.51-78, NY open Y112.75,
range Y112.57-Y113.14.
* Usd/Jpy opened firm in Europe, rate moved through the Asia high to hold around
the Y112.60/65 area before second wave demand squeezed to Y112.69.
*Macro supply was reported on approach to Y112.80, opening tech resistance at
Y112.82/87 (50-dma, Dec5 high) levels which were later breached by the pair.
* In late NY there was a surge in the dollar on possible renewed sense of
optimism on US tax reforms which pushed Usd/Jpy through to highs of Y113.14. At
the time of writing the pair was hovering near the highs and trading at Y113.10.
* Eur/Jpy barely moved in early Europe, soft German Industrial Production data
was countered by stronger revisions to hold Y132.70/75
* The cross later tracked Usd/Jpy to Y132.91, before fading.
* In NY Eur/Jpy rose to intra-day highs of Y133.29 as reports emerged that that
members of Germany's Social Democrats had agreed to open talks with Chancellor
Angela Merkel's conservatives.
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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.