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Broad-based JPY demand via the crosses..........>

YEN
YEN: Broad-based JPY demand via the crosses pressure at the NY crossover.
Usd/Jpy eases to its lowest levels of the day at Y109.36, demand is noted on
approach to Y109.00 (Y109.09/02 NY low Apr30(post fix)/Apr30 low). Having moved
through the 200-dma, Gbp/Jpy extends slippage to Y148.62. Cad/Jpy earlier
stalled ahead of the 100-dma (Y85.80) and drifts to Y85.22. Eur/Jpy flirts with
Y131.00, a break opens Y130.68 (61.8% Y128.95-133.49). 

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