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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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Free AccessUSDJPY shrugs off the latest US-China trade...>
FOREX: USDJPY shrugs off the latest US-China trade tensions at the NY crossover.
Having touched Asia react lows of Y110.77, the rate recovered through Europe to
print extended session highs of Y111.28. The double top resistance area at
Y111.35/40 is expected to provide a stern test, through here opens the long term
descending trend line off June 2015 highs at Y111.48. JPY crosses have witnessed
a minor relief rally lending support to the majors, in particular EUR & GBP.
However, commodity tied FX continues to struggle, AUD & NZD sit bottom of the
G10 pile with losses of 0.82%/0.63% respectively. Main focus today on the BoC
policy decision where its widely expected to hike rates by 25bps to 1.5% amid a
backdrop of solid recent data with CPI & wage growth strong.
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.