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Why MNI
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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: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
USD/JPY last Y112.89, edging higher in...>
DOLLAR-YEN: USD/JPY last Y112.89, edging higher in the Asia-Pacific session on
the back of a modest recovery in risk sentiment as regional stock indices moved
away from worst levels, while U.S. equity index futures are in the green, with
U.S. yields a touch higher. The pair's initial downtick came after USTR
Lighthizer's comments stirred China-U.S. strained trade relations, but was
quickly wiped out.
- That being said, it seems as if the law of round numbers is in play, with
Y113.00 and 21,500 limiting USD/JPY and the Nikkei 225 respectively.
- Bulls need a break above the 21-DMA at Y113.09 before their focus shifts to
the Nov 16/15 highs of Y113.65/71. Conversely, bears eye Tuesday's intraday low
at Y112.31, and a break below would open up the 100-DMA at Y112.09.
- Focus towards the end of the week falls on Japanese CPI, with Japan closed for
a holiday on Friday.
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.