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DOLLAR-YEN: Rate improves alongside the Wall Street opening bell as US equity
moves (modestly) recover. The NASDAQ and the S&P500 open in the green, while the
DJIA lags slightly (due to higher weighting of Apple shares). USD/JPY remains
stubbornly below the Y114.00 handle but a recovery above here will initially
target the earlier highs of Y114.15/21 before any attempt on recent cycle highs
of Y114.55. Y114.61 may cap gains beyond there, marking the 1.0% 10-dma envelope