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USD/JPY Testing Lower In Early Dealings
USD/JPY is tracking lower in the first part of the Asia Pac session. We currently sit just above session lows (132.17), last in the 132.20/25 region. This was sub NY session lows from Monday, albeit just, with not much follow through. Still the USD is mostly tracking lower against the majors in the first part of trade today, with yen slightly outperforming. This is very much a carry over from NY trade, as US yields fell post the ISM miss. Otherwise, cross asset signals are fairly muted in early dealings today.
- In terms of levels, March 27 highs came in around 131.75/80, while below that sits the March 29 low around 130.76.
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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.