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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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USD/JPY oscillated for the better part...>
DOLLAR-YEN: USD/JPY oscillated for the better part of Wednesday, as familiar
risk signals were assessed. That said, the rate slid in U.S. hours amid concerns
over the resurgence of the novel coronavirus, with U.S. equity indices giving up
earlier gains.
- The Nikkei reported that the gov't will lift its economic assessment in its
June report.
- USD/JPY last sits at Y106.99, little changed on the day. Bulls look to take
out Jun 16 high of Y107.64 before targeting Jun 9 high of Y108.54. Bears need a
fall the trough of Jun 11 at Y106.58 before taking aim at May 11 low of Y106.40.
- Looking ahead, Japan's CPI comes out on Friday.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.