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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 AccessYen crosses are coming under pressure...........>
YEN: Yen crosses are coming under pressure following weakness in stocks that has
spilled over from the US session.
- USDJPY is caught between the upside force of rising US real yields, which are
hitting new cycle highs, and the downside force of declining global stocks. Any
renewed downside momentum in US real yields, triggered potentially by falling
stocks, would likely see USDJPY downside, delivering further damage to the
crosses.
- EURJPY is just above the 129 level as the reversal from yesterday's highs
continues.
- AUDJPY is approaching range lows at 79.50, and a break below here would
suggest a resumption of the broad downtrend.
- KRWJPY failed to overcome the 10.0 level yesterday which has sent the pair
back into the middle of its recent range.
To read the full story
Sign up now for free trial access to this content.
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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.