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Ex-BOE Official On QT

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DOLLAR-YEN TECHS: Bullish Weekly Close
Despite a slightly softening on Friday, the constructive technical picture
remains having broken above key down trendline resistance Thursday. 111.50 is
not pencilled in as a near-term top and bulls will need progress through that
level before appears resistance at 111.88 can be tested. Bears will need a close
below 111.00 to shift the outlook back to neutral and below the 200-dma at
109.84 to return the focus toward the May 29 low at 108.11.

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