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JPY crosses moved higher into the Tokyo fix,....>

YEN
YEN: JPY crosses moved higher into the Tokyo fix, there has been nothing in the
way of a headline catalyst observed outside of Renesas Electrics being set to
purchase IDT for ~$6bn.
- USD/JPY has taken out Monday's high, as has EUR/JPY.
- USD/JPY last deals at Y111.40, with bulls looking for a clean break of the
76.4% retracement of the move from Y111.76 to Y110.38 (Y111.43), with a broader
focus on the September 06 high (Y111.76).
- EUR/JPY last deals at Y129.12, just above the September 07 high (Y129.11),
with the 61.8% retracement of the move from Y129.98 to Y128.02 (Y129.23) capping
thus far.
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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