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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
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
USD/JPY meandered yesterday, with........>
DOLLAR-YEN: USD/JPY meandered yesterday, with focus on U.S. corporate earnings
reports. The rate was capped by its 50-DMA. After holding a fairly tight range
through the day, it finished marginally below neutral levels.
- The Nikkei reported that Japan will consider central bank digital currency in
cooperation with other nations. Per the article, the announcement will be
included in Japan's basic economic policy.
- Elsewhere, an Asahi story cited an unidentified official as saying that Tokyo
metropolitan gov't will raise the alert level in the capital to the highest, as
new Covid-19 infections are spreading across the area.
- As flagged in earlier bullets, optimistic news about Moderna's trial of their
Covid-19 vaccine has supported risk appetite, applying pressure to safe havens.
USD/JPY last sits at T107.26, marginally higher. A break above Jul 9 high/50-DMA
at Y107.43/46 would clear the way to Jul 7 high of Y107.79. On the downside,
bears eye Jun 10 low Y106.65 for initial support.
- Eyes are on the BoJ now, as policymakers are set to deliver the latest
monetary policy decision.
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.