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Drops below its earlier Asian base of....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Drops below its earlier Asian base of Y110.81 to extend the
corrective pullback away from the earlier Asian high of Y111.05 (Y111.12
Thursday high) to Y110.72. Traders aware that the Y110.50 level holds the strike
of a decent sized option expiry for today's NY cut, $$2.18bn. Rate seen
contained within its Ichimoku daily cloud, the base coming in at Y110.46(Aug16
low), top Y111.27 with a descending trend line coming through today at Y111.25
strengthening. 
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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