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Italian political risk & a heavy.........>

DOLLAR-YEN
DOLLAR-YEN: Italian political risk & a heavy session for US equities provided 2
steady bouts of JPY appreciation on Tuesday, although a brief relief rally was
noted in the cross in the latter part of the European morning.
- USDJPY trades at 108.45 last after touching extended pullback lows of 108.11,
before meeting support ahead of the 55-DMA at 108.09. Resistance comes in the
form of yesterday's hourly resistance level at 109.13, followed by the 21-DMA at
109.72.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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