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Nudging higher, but encountering.........>

DOLLAR-YEN
DOLLAR-YEN: Nudging higher, but encountering stubborn sellers. The pair has seen
a rise from Y112.22 to Y112.49, with both UST yields and Japanese equities
supportive of the move. However, North Asia names have reportedly been adding
supply near to the high, which may account for why we're not trading higher with
the Nikkei up a healthy 1.3%. Resistance lies at Y112.54/67 marking the
50%/61.8% fib on Y113.09 to Y111.99 decline, while Asia's low of Y112.22
provides support.

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