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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 AccessMNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM
MNI BRIEF: SNB Cuts Policy Rate By 50 BP To 0.5%
MNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
Weaker With Trendline Support......>
DOLLAR-YEN TECHS: Weaker With Trendline Support Exposed
*RES 4: 110.63 Bull channel top drawn off Aug 26 low
*RES 3: 109.93 High May 30
*RES 2: 109.32/37 High Aug 1 / 61.8% retracement Apr 24 - Aug 26 decline
*RES 1: 109.29 High Oct 30 and key short-term resistance
*PRICE: 108.28 @ 09:50 GMT Oct 31
*SUP 1: 108.25 Low Oct 23
*SUP 2: 107.85/84 Low Oct 11 / Channel support drawn off Aug 26 low
*SUP 3: 107.04 Low Oct 10
*SUP 4: 106.48 Low Oct 3
USDJPY is under pressure this morning following yesterday's inability to hold
onto the break of the 200-DMA yesterday and the day high of 109.29. The move
lower refocuses attention on 108.25, Oct 23 low and today's key support. A break
would open trendline / channel support at 107.84 drawn off the Aug 26 low.
Clearance of this level would likely trigger a deeper sell-off. On the upside, a
close above the 200-dma is now needed to cement the next move higher.
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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.