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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

DOLLAR-YEN
DOLLAR-YEN: FOMC removal of "gradual increases" and "risks roughly balanced"
while holding FFR rate at 2.25% to 2.50% on 10-0 vote, adding that it can remain
patient due "muted inflation" and watching financial developments, economic
developments which emphasized data dependence saw the USD come under general
react pressure as rate broke lower from around Y109.55, through earlier support
at Y109.50 to Y109.31. Market looks to have been fairly well positioned for this
outcome with USD demand seen taking advantage of the dip. Next support seen into
Y109.20 ahead of Y109.00.