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Policy
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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: PBOC Net Drains CNY33.8 Bln via OMO Wednesday
MNI BRIEF: Aussie Trimmed Mean Rises In Oct
-YEN: Rally Arrested W/U.S. House Set To Propose Action Vs. Tech Giants
AUD/JPY ground higher early on, peeking above yesterday's high, before trimming gains in sync with a downtick in e-minis, driven by comments from a Republican Representative noting that the U.S. House Panel will propose the breakup of tech giants and issue recommendations for a dramatic overhaul of the antitrust system. The rate has clawed back some of the resultant losses and last sits +11 pips at Y76.04, just shy of the session high of Y76.08.
- When it comes to regional events, RBA decision & Australian FY20/21 Federal Budget headline today. ANZ job ads and trade balance are also due out of Oz, while the Japanese data docket is virtually empty.
- The rate has been stuck between two moving averages over the last four days. Should it manage to break above the 50% retracement of the Aug 31 - Sep 24 sell-off/50-DMA at Y76.22/25, bulls would be able to take aim at Sep 10 high of Y77.74. Bears need a dip through the 100-DMa at Y75.15 before focusing on Jul 10 & Sep 24 lows located at Y73.98, a key near-term support level.
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.