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Rate weakens further alongside US........>

DOLLAR-YEN
DOLLAR-YEN: Rate weakens further alongside US equity futures, which continue to
indicate a largely negative open on Wall Street Thursday. USD/JPY falls through
both the overnight low as well as the Tuesday low at Y112.57, opening up a test
on the Nov20 low at Y112.31 and the 100-dma at Y112.25. Fib support may kick in
below there at the 76.4% retracement of the Y111.38-114.21 at Y112.04 today.
Move coincides with US 10y yields touching the lowest levels of the session and
the lowest since early September.
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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