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Risk takes a hit in early Europe as the JPY.....>

YEN
YEN: Risk takes a hit in early Europe as the JPY turns positive on the session.
- USDJPY extends the correction off its best levels to Y105.25 with bears
focusing on yesterday's low at Y105.05 and the key Y105.00 level which is
expected to hold protection. Worth noting of the $1.89bln option expiries at
Y105.00/05 for today's NY cut.
- EURJPY dips back under Y118.00 to fresh lows of Y117.84. Yesterday's ytd low
at Y117.52 provides the next support area.
- GBPJPY trades back under Y127.00, while CADJPY trades through Y79.50. 

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