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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 Eurozone Inflation Preview - December 2024
MNI US OPEN - CNH Slippage Puts Rate in Range of Record Lows
MNI China Daily Summary: Tuesday, December 31
Yen Continues To Show Weakness
U.S. Tsy yields jumped on return from holidays, sending USD/JPY higher on Tuesday. The rate breached trendline resistance drawn off May 9 high and climbed to its best levels since May 19.
- USD/JPY 1-month 25 delta risk reversal soared Tuesday in tandem with the spot rate, showing at the highest point since May 18.
- Spot USD/JPY trades +8 pips atY128.75, as yen underperformance persists. A move through May 17 high of Y129.78 would bring May 9 cycle high of Y131.35 into view. Conversely, bears keep an eye on the 50-DMA/May 24 low at Y127.03/126.36.
- After hours Tuesday, PM Kishida announced that his team has "put together a grand design for a new capitalism." Its proposals, expected to be approved by the Cabinet on June 7, are centred around making Japan's economic model more equitable and sustainable.
- Japan's Q1 capital spending & company profits/sales will hit the wires later today.
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.