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EUR/JPY sales provided the weight to....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: EUR/JPY sales provided the weight to take EUR/USD through $1.0800
in Asia, the rate touching a low of $1.0785 before meeting decent support. Rate
recovered through the balance of the session, posting a fresh intraday high of
$1.0817 into Europe, so far remaining buoyed above the figure. Risk remains the
main driver through European mornings, switching to watching UST yields in the
US session.
- France Business Sentiment at 0630GMT though overshadowed by US CPI at
1230GMT(market median CPI -0.8%mm, 0.4%yy; Core -0.2%mm, 1.7%yy). ECB's
Stournaras speaks on the German Constitutional Court decision. 
- Fed's Bullard, Kashkari, Harker, Quarles and Mester will be in focus following
Fed Bostic comments on negative rates Monday. 
- Support $1.0785, $1.0773/67, $1.0750(E2.6bln EUR puts roll off this week).
Resistance $1.0820, $1.0850.  
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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