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Recovery efforts stalled at Y109.73,.....>

DOLLAR-YEN
DOLLAR-YEN: Recovery efforts stalled at Y109.73, before meeting cloud base
resistance. Firmer UST yields triggered broad-based USD demand as markets faded
the Asia risk-off move. From a technical perspective ascending channel base
support was broken yesterday (please see MNI Analysis email 1149BST), suggesting
the downtrend is now set to be resumed. USDJPY last Y109.65.

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