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Rate begins to pullback slightly as......>

DOLLAR-YEN: Rate begins to pullback slightly as the modest USD weakness filters
across G10 markets. JPY remains one of the weakest performers in G10, however,
with JPY trading lower against all other majors with the exception of CAD and
NZD. A fall through Y112.93 would shift downside targets to Y112.87, the Oct9
low, which may pressure the pair further on a break. 50- and 55-dma support seen
kicking in on any decline into Y111.84/80.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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