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Remarks from Japanese FinMin Aso that....>

DOLLAR-YEN
DOLLAR-YEN: Remarks from Japanese FinMin Aso that noted the government is not
planning on intervening in the FX markets only added to the weakness in Usd/Jpy
overnight. The soft tone spilled over into Europe with a move to fresh 16-month
lows of Y106.18 and will look to target the key Y105.00 area (Y104.97 - Nov10
2016 low). MNI highlighted on Jan23 (Price then Y110.50) that Usd/Jpy had failed
to build on positive market sentiment and momentum indicators pointed to further
downside pressure. (Please see MNI FX Exclusive Bullet email for the full
transcript, Jan23 1723GMT).

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