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Risk improved overnight with traders citing.....>

YEN
YEN: Risk improved overnight with traders citing EURJPY flow related to the
$6.3bn MUFG purchase of DZ Aviation, behind the move.
- USDJPY rallied to its highest levels in a month at Y111.86. Expect resistance
on approach to Y1120.00, ahead of the Mar 5 high at Y112.14.
- EURJPY closed above its 100-dma (Y125.83) with the uptrend extending to
Y126.27. Next resistance is seen at Y126.59/60 which represents the 76.4%
retracement of Y127.50-123.66 & Mar 21 high.
- GBPJPY rallied above Y146.00 to Y146.19 and holds firm at typing.
- AUDJPY extended gains to Y79.80 to print its highest level in two months. Rate
encountered resistance around Y79.80/85 which has registered a series of
previous highs, a break is likely to accelerate the move toward the
psychological Y80 level & 200-dma at Y80.22.
- NZDJPY cleared the 200-dma to Y75.32, opening the 100-dma at Y75.47.

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