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FOREX: Currency markets have been pretty uneventful with no major market drivers
in the Asian session. The majors are all trading within 0.1-0.2% of yesterday's
- Yesterday`s dollar strength came in spite of the narrowing in real yield
spreads between the US and Germany as German bond yields shifter higher.
- The yen faces risks from a continued rise in German and/or US yields, with
resistance at 110.00 in USDJPY likely to prove pivotal.