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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
USD/JPY initially advanced 20 pips to....>
DOLLAR-YEN: USD/JPY initially advanced 20 pips to the session highs of Y113.73,
but has halved its gains and last trades at ~Y113.6, with the yen modestly
underperforming its G10 peers as the Nikkei 225 added ~1.8%.
- USD/JPY finished higher Weds as JPY failed to benefit from broader dollar
weakness, with U.S. stock indices lending the pair some support.
- Bulls need a close above Y113.82 to regain control, targeting a break of
Y114.00, ahead of the Oct 4 high at Y114.55. A close below Y113.00 would shift
momentum back to the bears, opening the 21-DMA & broken trendline
resistance-turned-support at Y112.65/60.
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.