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MNI: Inroads above Y112.50 have been short-lived,....>

MNI, NEWS
MNI: Inroads above Y112.50 have been short-lived, reports of Japanese exporter
supply linked to half-yearly hedging requirements are proving to be a tough
headwind. Supply is said to be scattered up to Y112.80, with stops from momentum
names then cited above. Technical resistance lies at Y112.53/56 (Sep25-22
highs), a break opens Y112.72 (Sep21 high), while demand is expected near to the
200-dma, currently at Y112.08. Dollar-yen is currently changing hands at
Y112.40.

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