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EMFX inspired worry and Trump's late.....>

DOLLAR-YEN
DOLLAR-YEN: EMFX inspired worry and Trump's late burst of risk off comments via
numerous interviews drove JPY strength through Thursday's NY session, with
USD/JPY last trading a couple of pips below Y111.00.
- Bulls need to surpass Y112.00, confirmation above here would add to the
positive momentum & target the August high (Y112.15) followed by the YtD high
(Y113.17). Bears need some acceleration below Y111.00 to shift the outlook back
to neutral & a move below the 200-DMA (109.82) to return the focus lower.
- The latest round of domestic data, including Tokyo CPI, industrial production
& the labour market report had little to no effect on JPY.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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