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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Wednesday, December 11
USD/JPY Marginally Firmer In Volatile Trade, BOJ Holds Policy Unchanged
USD/JPY prints at ¥136.30/40, ~0.2% firmer as the BOJ leaves policy unchanged.
- The pair rose from a touch below ¥136 handle before meeting resistance ahead of ¥137.00 before paring gains to current levels.
- The spike higher may have been facilitated by downside protection that was in play that we flagged earlier. In the lead up to the decision the 1-week risk reversal was at the lowest level since the depth of the initial COVID outbreak.
- Focus now is on global macro factors, re observed global equity weakness and fall in US Treasury Yields, ahead of this evenings NFP print.
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.