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As another wave of dollar buying.........>

DOLLAR-YEN
DOLLAR-YEN: As another wave of dollar buying trickles through, Usd/Jpy extends
its recovery off earlier traded lows (Y111.27) before fading around the
Y111.55/60 area. The US session has failed to ignite so far following busy
sessions seen in Asia/Europe. Traders still look toward the key Y111.00 area on
the downside, intraday resistance at Y111.85/89 (38.2% Daily Y112.79-111.27,
Nov20 low now resistance). Last Y111.56.  

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