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A bout of minor risk-on following the MNI.......>

YEN
YEN: A bout of minor risk-on following the MNI Chinese trade source story has
seen JPY crosses improve. EURJPY touched recovery highs of Y127.68, NZDJPY
Y75.88, CADJPY made a show back above Y83.00, AUDJPY Y81.58 and GBPJPY supported
by the BoE 6-3 vote lifted 120 pips to briefly trade above Y146.00. Profit
taking has seen a minor pullback off traded highs, but consolidation remains the
theme in early NY.   

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