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Risk aversion remains to the fore and....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Risk aversion remains to the fore and presses USD/JPY to an extended
pullback low of Y110.26, the rate holding heavy at writing. Move also added
weight by the sharp move lower in EUR/JPY as this rate reacts to the miss in
French flash composite PMI. The 200-dma at Y110.21 moves within touching
distance. Below here and stronger support suggested between Y110.10/00.  
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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