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Still Trading Below The Bear Channel Top

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DOLLAR-YEN
DOLLAR-YEN: Having earlier stalled around resistance from the daily cloud base
(Y112.39), Usd/Jpy pared European morning gains to Y112.25. Selling pressure
resumed into NY, rate touched Y112.20 and seen approaching support from the Asia
low (Y112.17). The key area to the downside remains at Y112.05/00 (Y112.07 -
100-dma). Last Y112.22.

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