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​​​​​JPY on the Back Foot

DOLLAR-YEN
MNI (London)

JPY remains on the back foot but only giving ground at a slow pace. EUR/JPY above Y124.00 (high Y124.03) but seen struggling to build, whilst USD/JPY holds just off its recently posted high of Y105.73. Asian traders have recently suggested that leveraged names likely to have interest in fading USD/JPY moves toward Y106.00. However, expected month-end USD demand could provide the push.

MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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