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Rate managed to mark a fresh YTD high....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Rate managed to mark a fresh YTD high of Y112.17(Y112.14 Mar5) in
Asian trade as market reacted to solid China growth data which in turn boosted
the risk outlook. However, rate failed to build on this early move and settled
back within a familiar range around Y112.00, with the previously mentioned
200-wma at Y111.98 seemingly keeping it anchored. Asian traders earlier
suggested that Japanese exporters likely to be providing main resistance ahead
of the Golden Week holiday Apr29
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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