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Having based at Y120.05, EURJPY rallied....>

EURO-YEN
EURO-YEN: Having based at Y120.05, EURJPY rallied through President Draghi's
press conference which was deemed less dovish than the statement. Rate breaks
Y121.00 and seen approaching former channel base-turned-resistance at Y121.24. A
positive close above opens the Jul 15 low at Y121.42, ahead of the 50-dma at
Y121.91. Last Y121.10. 

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