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Corrective pullback away from Friday's...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Corrective pullback away from Friday's NFP react high of Y109.85
extended through Tuesday trade to a low of Y107.62 with rate currently holding
close to its 76.4% retracement level of Y107.74 (Y107.09-109.85). A break below
Y107.62 to expose Y107.46(61.8% Y105.99-109.85). The USD came under general
pressure through Tuesday's NY session, though JPY was already paring Friday's
losses as market looked to adjust positions ahead of Wednesday's FOMC monetary
policy announcement. 
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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