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GBPJPY failed to reclaim the 200-dma.......>

STERLING
STERLING: GBPJPY failed to reclaim the 200-dma (Y148.25) overnight, rate touched
Y148.23 with the reversal extending to Y147.87 in early Europe. Support is seen
at Y147.71/58 (50% retracement of Y146.11-149.31, Jul17 low). Focus this morning
on UK CPI at 0830GMT (median 0.2%mm, 2.6%yy). Market talk suggests the data
could come in on the stronger side due to the rise in petrol and energy prices.
Dip buyers have seen a minor bounce in the cross, last Y148.07. 

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