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BLOCK, Late 5Y Cross


Late Equity Roundup: Late Rebound


The 144.25 Bull Trigger Remains Exposed

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DOLLAR-YEN: Opened in Asia at Y113.87 toward the upper side of the Y113.40 to
Y114.03 range witnessed yesterday, where consolidation was largely the theme.
Japan's Machinery Orders and Current Account and Trade Balance provide the main
event risks, strategists at CBA expect their current account surplus to remain
high at  around Y2,000 billion or about 4% of GDP, they say, a large c/a surplus
is JPY supportive. In option space, close-by expiries for today include;
Y113.10($590mn), Y113.50-60($812mn), Y114.00($540mn) and Y114.50($571mn).
Support is being found close to the 21-dma, currently at Y113.37, while initial
hourly resistance lies at Y113.93, a break to expose Y114.07(50% fib

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