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***Risk-off theme continues to drive.....>

DOLLAR-YEN
DOLLAR-YEN: ***Risk-off theme continues to drive the yen higher across the
board, with regional equity markets looking decidedly ugly, Kospi is now down
1.8% and the Hang Seng is not that far behind, currently down 1.6%. Dollar-yen
has edged through Y109 handle to a base so far of Y108.91, absorbing decent
demand along the way. Stops have been touted below Y108.80, which makes sense
given the last significant low lies at Y108.83 (Jun14). A break through Y108.80
opens a move to Y108.13 (Apr17 low). Dollar-yen was last at Y108.93

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