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JPY on the front foot after news that US........>

YEN
YEN: JPY on the front foot after news that US President Trump has ordered US
Trade Representative to identify an additional $200bln in Chinese goods at a
rate of 10%, this is a larger nominal amount than had been expected.
- USD/JPY last at Y110.20, below Y110.24 (Hourly support June 14 & 200-DMA) then
Y109.84 (Hourly resistance June 11 now support).
- EUR/JPY at Y128.24, support noted at Y127.56 (Low June 4).
- AUD/JPY Y81.57, below Y81.89 (Low June 18), now eying Y81.04 (Low May 30).
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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