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DOLLAR-YEN: Rate slips lower once again with the JPY now performing very
strongly against all other G10. Support already being felt at the Nov30 low of
Y111.74 and the 200DMA at Y111.72 which could prove decisive for price action
today. Japanese participants bought the JPY for the second consecutive session
overnight as traders continue to buy into the theory that the BoJ's 'stealth
tapering' is opening the door to (somewhat) tighter monetary conditions in the
future for Japan.