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Risk on tone evident following reports...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Risk on tone evident following reports that US Trump has signed off
the terms of a phase-one trade deal (which could be announced later today) as
well as the UK Conservative win which will clear the way for a smooth Brexit.
Risk-on extended Thursday's rally to a high of Y109.66 into early Europe with
rate holding firm at writing. Initial resistance seen at Y109.73(Dec2 high), a
break to open a move toward Y110.00.  
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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