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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 Inches to New 2021 Highs Overnight
- The greenback trades slightly softer as markets resume their overall bullish poise. Stock futures are extending their recovery, with the e-mini S&P within 15 points of the alltime highs.
- USD/JPY inched higher to touch a fresh 2021 high of Y110.21 in Asia-Pac hours, before prices faded into minor negative territory ahead of the NY crossover.
- NOK is stronger for a fourth session, with USD/NOK trading either side of the 8.50 level as a solid oil price performance underpins the currency. EUR/NOK eyes support at the 10.1276 100-dma, and a break below here would open the 10.09 50-dma and the 2021 lows of 9.8998.
- Focus turns to the Bank of England rate decision, with markets on watch for any signs of other MPC members joining outgoing Chief Economist Andy Haldane in voting for a slowdown in QE purchases. Data includes weekly US jobless claims, prelim durable goods orders and the tertiary reading for Q1 GDP.
- Speakers due Thursday include ECB's Panetta & Schnabel as well as Fed's Barkin, Bostic, Harker, Williams, Bullard and Kaplan.
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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.