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Broader USD weakness on..................>

DOLLAR-YEN
DOLLAR-YEN: Broader USD weakness on month-/year-end flows outweighed positive
musings surrounding the signing of the phase 1 Sino-U.S. trade deal on Monday,
pushing USD/JPY through uptrend support and the psychological Y109.00 level,
with the rate currently testing yesterday's low, printing 10 pips lower on the
day at Y108.78. Bears look towards the 200-DMA at Y108.70. Below there, the Dec
4/9 lows at Y108.43 would come into focus.
- JPY liquidity will be sapped during the remainder of the week, owing to Tokyo
markets observing a holiday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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