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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Real-time insight on key fixed income and fx markets.
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Real-time insight of oil & gas markets
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Real time insight of credit markets
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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Free AccessUSD/JPY pulls back from early lows,......>
DOLLAR-YEN: USD/JPY pulls back from early lows, trades 9 pips lower at Y106.19.
- The rate declined in yesterday's Asia-Pac session, amid speculation
surrounding the CNY fix & deeper than expected policy easing from three regional
central banks, spearheaded by the RBNZ. Some losses were pared into Europe, but
the uptick held shallow, and was followed by another bout of USD/JPY selling.
The SCMP story stating that U.S.-China Sep trade talks will likely take place
provided some very brief reprieve, but the rate promptly extended losses to a
new intraday low. Late doors saw recovery in sync with a rally in S&P500 back
into positive territory, but USD/JPY closed 20 pips worse off nonetheless.
- Bears eye the lower Bollinger band (2%) at Y105.81. Below opens yesterday's
cycle low of Y105.50. Bulls target Y106.65, the 76.4% retracement of YtD range.
- Nikkei reported that Japan will approve some exports of semiconductor
materials to S. Korea. Yomiuri said that permissions for shipping resist
polymers to Samsung may be issued as soon as today.
- Japanese BoP data and Eco Watchers Survey are due later today, with
preliminary Q2 GDP coming up tomorrow.
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.