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Rate slips higher (largely JPY...........>

DOLLAR-YEN
DOLLAR-YEN: Rate slips higher (largely JPY weakness over USD strength) as
resistance ahead of the cloud base is taken out. Rate not sits just 15 pips or
so shy of the Y110 handle, a level not topped since yesterday's Navarro inspired
rally. Yesterday's move topped out at Y110.04, which marks the next target for
the pair. Above there, the 200-dma kicks in at Y110.22.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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