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JPY demand around the 10:00AM Tokyo......>

DOLLAR-YEN
DOLLAR-YEN: JPY demand around the 10:00AM Tokyo fix, a negative session for
Japanese stocks/U.S. equity index futures and broader USD softness has pressed
USD/JPY lower, allowing the rate to register a session low of Y110.52, last
dealing 40 pips or so softer at Y110.59.
- Bears continue to look for a break below yesterday's intraday low at Y110.46,
after the late bid on Wall St. allowed the rate to recover in late NY dealing
Thursday. A break below yesterday's intraday low would open up the nearby
September 07 low of Y110.38, with bears eying Y110.00.
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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