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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 AccessUSD/JPY Retraces Kanda Induced Dip
USD/JPY has recovered from its intra-day lows. From 147.37 the pair has climbed back to fresh highs of 147.82. We sit slightly lower in latest dealings, near 147.75, little changed from NY closing levels on Tuesday.
- The earlier dip came after Japan's Currency Chief Kanda stepped up the verbal rhetoric around FX. He stated that no options would be ruled out if current FX moves continue.
- Yen is outperforming higher beta FX at the margins, with AUD off 0.10% and NZD weaker by 0.20% at this stage.
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.