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Breaks below Y109.00 on risk aversion,...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Breaks below Y109.00 on risk aversion, US Trump threatening 5%
tariffs on Mexico imports and China considering restricting rare earth exports
to the US adding to this view. USD/JPY extends lows to Y108.88 with rate holding
heavy at writing. Expect support between Y108.85/80 ahead of Y108.65-50. 
- Option expiries of note for today's NY cut in current area seen at
Y108.45-50($1.61bln), Y109.00($520mln), Y110.0($2.82bln) 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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