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Back in The Range Soft US equity...>

DOLLAR-YEN TECHS: Back in The Range
Soft US equity futures triggered fresh risk-off flows back under 109.20. The
move was countered following reports that President Trump plans to delay
imposing Auto import tariffs. Near-term resistance is seen at 110.00/05 which
holds the 38.2% fibo of the May range and May 10 hourly highs, above here opens
a run at the 100-dma at 110.51. Downside support remains from the May 13 low &
109 level, with a break here needed to challenge the 50% retracement & Feb 1 low
at 108.84/73. Further support is located at 108.50 from the Jan 31 low, ahead of
the 61.8% retracement & Jan 16 low at 108.38/37.

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