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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 AccessMNI US MARKETS ANALYSIS - Curve Steeper Ahead of JOLTS
MNI US OPEN - Censure Motion Against France Gov't Due Today
USD/JPY has added 6 pips thus far and....>
DOLLAR-YEN: USD/JPY has added 6 pips thus far and last deals at Y111.94, as WSJ
& BBG reports re: the U.S. & China being close to signing a trade continue to
feed the broader risk appetite, while USD remains capped by weekend comments
from U.S. President Trump, who stated that the greenback is currently too strong
and lamented FOMC policy under Powell.
- The rate advanced 50 pips Friday, as JPY was weighed on by a stronger than
exp. Chinese Caixin m'fing PMI print & BBG reports pointing to MUFG closing in
on the purchase of DZ Bank's aviation arm before broader dollar strength came
about in London/NY hours, on the back of higher Tsy yields, lifting the pair to
a fresh YTD high of Y112.08.
- Initial resistance noted at the aforementioned YTD high, ahead of the upper
Bollinger band (3%) at Y112.22. Meanwhile, bears eye the upper Bollinger band
(2%) at Y111.67, followed by Y111.46, which represents the Dec 21 high.
- Japanese focus this week turns to domestic GDP and BoP data (c/a balance &
trade balance) due Friday, as well as the usual BoJ Rinban ops. Elsewhere, BoJ's
Harada will speak on Wednesday.
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.