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JPY on the front-foot early this week,...>

DOLLAR-YEN
DOLLAR-YEN: JPY on the front-foot early this week, owing to the escalation in
trade war matters evident on Friday and ensuing rhetoric from President Trump &
Chinese state media over the weekend.
- Source highlights Japanese retail as the driver flow-wise behind the latest
leg-lower in the rate, which registers a fresh YtD low of Y104.77 in the
process, last dealing 55 pips softer on the day at Y104.84.
- Bears now look to the support zone provided by the lower Bollinger Band (2%) &
Mar 2016 2018 low at Y104.57/56.
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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