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JPY sits at the bottom of the G10 FX table......>

YEN
YEN: JPY sits at the bottom of the G10 FX table ahead of the BoJ decision.
- USD/JPY last Y109.65. Bulls eye yesterday's high of Y109.70, which has capped
thus far, followed by the psychological Y110.00 level, which also represents the
Dec25 low (now resistance). Initial support is located at Y109.15, where the
pair bottomed Tuesday, and a move through that level would open up the Jan18 low
of Y109.06.
- EUR/JPY last Y124.60, focus on yesterday's high at Y124.71 as the initial
point of resistance, with a break opening up the 124.98-125.00 area, where some
recent intraday highs are clustered. Bears look for a move below yesterday's low
at Y124.05.
- AUD/JPY last Y78.20. Bullish focus turns to Y78.53, where AUD/JPY peaked
yesterday. Conversely, bears look for a fall below the 21-DMA at Y77.77 before
challenging yesterday's low of Y77.74.
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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