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Pair has pulled back from early..........>

DOLLAR-YEN
DOLLAR-YEN: Pair has pulled back from early session highs of Y108.77, with
modest risk off flows triggered on the back of confirmation that Nellie Liang
(who has a focus on financial stability) has withdrawn her Fed Board nomination.
- Rate last trades at Y108.58, 15 pips or so lower on the day. Yesterday's low
of Y108.02 provides the initial support level. Conversely, bulls need to jump
back above yesterday's peak at Y108.78, which capped early on.
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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