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As the DXY holds near daily lows,........>

DOLLAR-YEN
DOLLAR-YEN: As the DXY holds near daily lows, Usd/Jpy drifts to the Y106.20/25
area. Initial support is seen at Y106.09 from the intraday low, stronger at
Y106.00 which holds a very large ($3.22bn) option expiry for today's NY cut.
Also up at the top of the hour sees the release of Existing Home Sales where
expectations are for a modest rebound to 5.41mn annual rate in February after
ticking down to 5.38mn in January. Main focus at 1800GMT from the FOMC rate
decision with Fed Chair Powell's press conference at 1830GMT.  

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