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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 AccessUsd/Jpy: European open Y112.58, range...>
YEN SUMMARY: Usd/Jpy: European open Y112.58, range Y112.57-88, NY open Y112.66,
range Y112.07-112.82
*Strong US Retail Sales headline and components triggered fresh
dollar demand across the board. Usd/Jpy touched react highs of Y112.76 before
fading towards Y112.65.
*The dollar received a lift across the board following commodities dropping and
a dovish tone from the ECB's Draghi. The rate jumped towards Y112.80 before
losing momentum.
*A sharp drop in US Tsys yields and commodities rallying witnessed a
drop in the pair, with the rate falling from Y112.78 towards Y112.60.
*As the S&P and Dow drop to flat on the day, along with falling US
Tsys Yields the pair has dropped to fresh session lows of Y112.40.
*Broad based Yen demand across the board, this combined with falling
US Tsys Yields saw the rate drop to fresh session lows of Y112.07.
*Dip buyers emerged towards the NY close, as US Tsys Yields firmed with the rate
grinding towards Y112.25.
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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.