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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 UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
USD/JPY Marginally Lower After Monday's Sell-Off
USD/JPY shed as many as 77 pips yesterday, printing its worst levels since
mid-March. The rate lost altitude as the greenback got pummelled on the back of
domestic fiscal matters, pre-Fed positioning, month-end flows, stronger EUR
& worsening Sino-U.S. tensions. It ticked off lows in U.S. hours, as
local equity benchmarks registered gains.
- USD/JPY has inched lower this morning, as USD underperforms its G10 peers
at the margin. The rate last sits -3 pips at Y105.34. - Bears look for a break under yesterday's low of Y105.12, which would open
up the lower 2.0% 10-DMA envelope at Y104.48. Bulls need a jump above Jul
24 high of Y106.90 to gain some impetus. - Japanese data highlights this week include retail sales (Thursday), as well as
unemployment & flash industrial output (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.