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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 AccessUSDJPY ACCELERATING BULLISH TREND. The...>
DOLLAR-YEN: USDJPY ACCELERATING BULLISH TREND. The USDJPY break above the 107.50
level this morning has triggered further bullish technical signals, with
near-term trend and momentum indicators pointing towards further gains. The next
target is the upper end of the ascending channel currently intervening at the
108.00 level. This also coincides with the 38.2% retracement level of the
decline seen since the beginning of the year, making 108.00 a crucial medium
term pivotal point. USDJPY gains continue to be supported by strengthening
medium term momentum signals. Holding above 107.06 maintains the current bullish
picture.
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.