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Equities Extend Recovery, Nears Friday High


April Trade Deficit Widens

DOLLAR-YEN: Demand into today's Tokyo fix has seen the dollar edge higher from
around Y110.03 to Y110.18. Now that the fix has concluded the pair is expected
to follow Japanese equities, where after opening up 0.27%, the Nikkei currently
stands at +0.07%. Hourly resistance continues to hold around Y110.17, a break
opens Y110.31 (50% fib Y111.05-Y109.56), while hourly support is found at
Y109.90. Dollar-yen was last at Y110.10.