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Although the pullback in USDJPY this past.....>

FOREX
FOREX: Although the pullback in USDJPY this past week has been sharp, in the
context of the larger uptrend it has remained limited. Market focus on Japanese
Lifer hedging activity is also likely to keep attention on USDJPY this coming
week, especially as technical signals are providing initial evidence that a
corrective bottom has been traded. USDJPY is now sandwiched between the 100-dma
providing support at 108.73 and the 200-dma providing the next big resistance
level above this past week's 110.04 high at 110.22.

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