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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 last deals at Y108.55, a touch...>
DOLLAR-YEN: USD/JPY last deals at Y108.55, a touch higher on the day ahead of
the Tokyo equity open. The Nikkei 225 is poised to start on the front foot, on
the back of the Wall St. rally (induced by Fed Chair Powell & a strong NFP
report) after the Japanese benchmark posted losses in its first trading session
of 2019 on Friday.
- Wall. St's rally resulted in the pair adding ~80 pips Friday, with the yen
underperforming all of its G10 peers amidst the reinvigorated risk appetite.
- Bulls look to the reported resistance at Y108.80. A break above would bring
the Jan 3 high & 61.8% fibo retracement of the move from Y111.41 to Y104.87 at
Y108.92 into view. Conversely, bears need a fall through the lower Bollinger
band (2%) at Y107.69, which would open up Y107.52, where the rate bottomed
Friday.
- Japanese monetary base, as well as composite & services PMIs are all due
within an hour, while trade balance (BoP basis) will be released Friday.
Elsewhere, usual Rinban ops will be of interest.
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.