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JPY benefitted from the broader risk.....>

DOLLAR-YEN
DOLLAR-YEN: JPY benefitted from the broader risk off flows apparent on
Wednesday, with USD/JPY edging lower in early Asia-Pacific trade Thursday,
registering a low of Y112.04 in the process, last ~Y112.10.
- Bears look for a clean break below the nearby 50-DMA (Y112.07), with various
support levels clustered below into Y111.95. Any break here opens up the Oct
16/15 lows (Y111.73/63), followed by the 100-DMA (Y111.52). Initial resistance
is noted at Wednesday's intraday high (Y112.74), followed by the 21-DMA
(Y112.89).
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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