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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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Free AccessUSD/JPY stuck to a tight range...........>
DOLLAR-YEN: USD/JPY stuck to a tight range Thursday, before taking a nosedive
over the WMR fix, as U.S. equities retreated. Participants eyed boiling
Sino-U.S. tensions, U.S. fiscal matters, as well as the first uptick in U.S.
initial jobless claims since March.
- Japanese markets remain closed for public holidays today and will re-open
after the weekend. Tokyo Gov Koike asked residents to stay at home, after the
capital recorded a record spike in Covid-19 cases on Thursday.
- USD/JPY last trades at Y106.85, virtually unchanged on the day. Bears look for
a fall through Jul 15/10 lows of Y106.67/65 before taking aim at Y106.07, which
represents the trough of Jun 23. Bulls need a move through Jul 20 high of
Y107.53, which would expose Jul 7 high of Y107.79.
- Japan's data docket next week features final capex & company profits/sales
(Monday), retail sales (Thursday), as well as unemployment & flash industrial
output (Friday). The Summary of Opinions from the BoJ's latest MonPol meeting is
due Monday.
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.