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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
USD/JPY ticks higher alongside...........>
DOLLAR-YEN: USD/JPY ticks higher alongside e-minis, last +15 pips around
Y106.45, with JPY at the bottom of the G10 FX pile in early Asia dealing. Still,
the rate sits shy of yesterday's peak, and well short of the 20-day EMA/Apr 30
Recovery High, which present the initial areas of notable resistance.
- Market source has touted some CAD/JPY buying out of Tokyo on the move.
- Worth having a quick flick through the earlier bullet we posted re: touted
Japanese fiscal measures, per the Nikkei.
- On the local date front we have seen real cash earnings come in on the softer
side, while household spending was weak, but not quite as soft vs. median exp.
- Not much to watch out for on the local docket for the remainder of the day on
the FX side, so eyes on the broader risk backdrop and any bigger picture news
flow/local COVID-19 matters.
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.