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Renewed risk appetite underpins JPY crosses.....>

YEN
YEN: Renewed risk appetite underpins JPY crosses in recent trade.
- Having earlier based ahead of the 100-dma (Y110.51), USDJPY extended the
recovery to Y111.73 and rests on resistance from the 21-dma. Consolidation above
the Y112.00 level is required, before challenging the Apr 24 high at Y112.40.
- EURJPY breaks out to Y124.81, near-term resistance at Y124.93/95 which
represents the 38.2% fibo of Y149.78-109.57 & 100-hma.
- CADJPY cleared the 100-dma (Y82.98) to make a show back above Y83.00. Next
resistance at Y83.33/46 from hourly high Apr24 & 50% fibo of Apr range.
- NOKJPY touched recovery highs of Y12.8892, but failed to take out the 100-dma
at Y12.8895. Last Y12.8789. 

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