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Drops back to place fresh downside.......>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Drops back to place fresh downside pressure on the Asian base of
Y108.50. As mentioned in an earlier bullet, strong demand was encountered at
this level overnight, a Japanese megabank a noted buyer, along with other
Japanese names, which sparked talk of possible stealth demand. Further onshore
demand interest is seen scattered down to Y108.20, with the key YTD low of
Y108.13 lurking behind. 
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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