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EURO-DOLLAR: Another wave of risk aversion trade prompts demand for Jpy, with
sales of Eur/Jpy pressing on Eur-Usd as rate extends its corrective pullback
through the early Europe low of $1.1727 to $1.1724. Dips continue to meet
willing buyers but recovery efforts so far remain very shallow and seen keeping
focus on the downside. Support seen at $1.1720, then $1.1708, 61.8%-76.4%
retracements of the recovery from Wednesday's low of $1.1689 to this morning's
Asian high of $1.1770 respectively. Break below $1.1700 to expose that Wednesday
low of $1.1689, with stronger demand then seen into $1.1680.