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Mild risk-off via JPY crosses pressured.......>

FOREX
FOREX: Mild risk-off via JPY crosses pressured USDJPY to Y110.55 in early
Europe, before fading. Major currency pairs remain rangebound with resistance
seen at Y110.93/03 from the 55 & 50-dma's (Expiry at Y111.00 - $1.01bn). Expect
support on approach to Y110.00 which also holds optional-expiry interest to the
amount of $1.64bn, the 100 & 200-dma's are placed just behind at Y109.98/88
respectively. The DXY comfortably holds above 96, targeting the ytd high at
96.98, while gold has settled in a $4 range, last $1186.24. 

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