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Rate continues to break lower............>

DOLLAR-YEN
DOLLAR-YEN: Rate continues to break lower (primarily as the DXY retreats) and
accelerates on the move through earlier lows of Y113.61. Tuesday's Asia-Pac
session saw Japanese names taking advantage of the recent JPY decline by hedging
in large volume, effectively starting the trend that's now carried through to US
trade. Option-linked support is touted ahead of Y113.50 which may slow any fall,
but below there the 200 weekly moving average may prove more pivotal, currently
sitting at Y113.20.

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