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Japanese exporter supply linked to.......>

DOLLAR-YEN
DOLLAR-YEN: Japanese exporter supply linked to half-yearly hedging requirements
capped gains overnight, dollar-yen reversed off early highs of Y112.54 to
Y112.27 with added weight from the Alabama Republican Senate primary result.
Consolidation remains the theme into Europe with initial support at Y112.22
(Asia low), bids placed behind on approach to Y112.00 (Y112.08 - 200-dma).
Resistance at Y112.53/54 (Sep25 high, Asia high). Dollar-yen last Y112.36. 

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