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JPY recovered some poise on the back.....>

DOLLAR-YEN
DOLLAR-YEN: JPY recovered some poise on the back of Thursday's sell off in US
equities, with USD/JPY closing back below the 200-dma and now operating on the
109 handle, last Y109.95.
- The broader risk tone continues to drive the pair, although it is interesting
to note that the pair's correlation with US 10-Year Tsy yields has moved to the
lowest level observed since February of last year.
- Bears continue to eye the key support area at Y109.55/50 (Jun19 low, 50%
Y108.11-110.90).
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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