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JPY on The Front Foot Risk-off.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: JPY on The Front Foot
Risk-off flow dominated through Asia after US & Mexico were unable to reach an
agreement on tariffs. USDJPY touched pullback lows of 108.07 with near-term
support seen on approach to 108.00. Below here opens a return to the Jun 5 low &
61.8% retracement of the Jan-Apr rally at 107.82/75. Bulls look for a close
above the 200-hma (108.85) to cement the uptrend. This would bring the
psychological 109 level back into view, ahead of a run at the 38.2% retracement
& 21-dma at 109.27/39.

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