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Risk improved overnight following........>

DOLLAR-YEN
DOLLAR-YEN: Risk improved overnight following reports that North Korea's Kim
Jung-Un is willing to discuss denuclearisation and President Trump suggesting
China will come to the table with trade talks. Usd/Jpy reclaimed Y107.00,
squeezed to Y107.07 but with lack of follow through drifted. On the topside
expect resistance ahead of Y107.50 (Y107.46/49 - Apr6-5 highs). Nothing really
on the US calendar today with option expiries at Y104.50($2.12bn),
Y106.00($930mn), Y107.00($848mn), Y109.00($585mn), Y110.00($714mn). Usd/Jpy last
Y106.97.

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