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General USD strength allows USD/JPY to...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: General USD strength allows USD/JPY to extend its recovery off
earlier lows of Y109.15, posting a fresh intraday high of Y109.55 in post Europe
trading. Resistance noted at Tuesday's highs of Y109.61-63 ahead of Y109.75.
Asian traders earlier in the week noted Japanese exporter sell interest placed
toward Y110.00, will watch for reports tomorrow morning to see if that interest
is still around. Demand remains from Y109.15 through to Y109.00 with Japanese
offshore investors suggested to want to pick up dollars on any dip into this
area.  
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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