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Profit-taking encouraged by a small......>

DOLLAR-YEN
DOLLAR-YEN: Profit-taking encouraged by a small recovery in US rate yields has
seen the dollar climb from Y108.14 to a top so far of Y108.49. Hourly resistance
lies at Y108.70 with supply then cited around Y109.00. Downside, solid demand
has been reported on an approach to Y108.00, traders have linked that interest
to option barrier protection, a break would likely see stops being triggered.
Dollar-yen was last at Y108.40

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