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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 Unwinds Brief Spike Through Y145.00 After BoJ Stands Pat On Policy
Spot USD/JPY see-sawed after the BoJ stuck with its ultra-loose monetary policy settings in the wake of yesterday's 75bp rate hike from the Fed.
- The rate ripped through the Y145.00 mark on its way to new multi-decade highs at Y145.37 but promptly retraced the move, which is set to inspire speculation re: potential FX intervention.
- Note that Japanese authorities conducted a rate check last week, effectively setting the stage for an intervention, not to mention repeated verbal warnings that all options were on the table.
- The pair last deals at Y144.56, up 50 pips on the day.
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.