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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 China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
Yen Pressured In Early Dealing
USD/JPY is pressured in early dealing on Monday, yen is ~0.3% weaker and is the weakest performer in the G-10 space.
- USD/JPY sits at ¥136.70/80, the pair is ~0.3% firmer. Fridays high has been breached, the next target for bulls is ¥136.99.
- Kiwi is also softer, NZD/USD prints at $0.6165/70 as the pair unwinds some of Fridays outperformance. AUD/NZD is back above $1.07 having briefly broken the handle on Friday.
- NOK is also pressured down ~0.3% however liquidity in Asia-Pac is generally poor for this pair.
- Cross asset wise; 2 Year US Treasury Yields are ~4bps higher and e-minis are ~0.2% lower. BBDXY is ~0.1% firmer.
- There is a thin calendar in Asia today, China and Hong Kong are closed which will hamper general liquidity. The UK is closed for a bank holiday as are a number of European markets.
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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.