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Release of better than expected US.......>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Release of better than expected US employment data provided the
impetus for the USD to make gains versus JPY, the latter safe haven currency
having been side lined whilst the USD had taken the brunt of the recent risk
driven pressure. USD/JPY, broke above the European morning high of Y109.42,
extended on to Y109.85 on data react with corrective pullbacks buoyed above
Y109.60. Resistance remains at Y109.85, with further interest expected into
Y110.00. A break here to expose Y110.36(76.4% Y111.71-105.99). Support
Y109.60/40, Y109.00.   
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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