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Free AccessUsd/Jpy: Nov20 close Y112.60, Nov21.....>
YEN SUMMARY: Usd/Jpy: Nov20 close Y112.60, Nov21 Asia range 112.51-70, Europe
Y112.41-60
*Eur-Jpy: Nov20 close Y132.10, Nov21 Asia range Y132.04-27, Europe
Y131.69-132.27
*In the absence of any economic data, consolidation was the theme in Asia.
Nikkei initially supported, but any gains were countered by soft US TSY yields
*Fresh supply emerged into Europe, rate touched pullback lows of Y112.43, before
fading
*The dollar gained a fresh bid tone, pared early losses, but with lack of follow
through settled in the middle of its narrow range
*Euro-yen remained well supported ahead of Y132.00, slippage through the Asia
low touched Y132.03 before dip buyers cushioned falls
*The euro started to encounter broad selling pressure, the break of Y132.00
triggered fresh supply, Eur/Usd added weight to print extended lows of Y131.69
*Persistent supply via the crosses saw Usd-Jpy squeeze out a fresh low of
Y112.41. Minor recoveries later bounced to Y112.45/Y131.85.
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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.