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Softer USD clearly catching up with......>

DOLLAR-YEN
DOLLAR-YEN: Softer USD clearly catching up with USD/JPY, which briefly printed
down at Y110.59 having broken below yesterday's lows. July 2 lows mark the next
support at Y110.51, with hourly support lines kicking in at Y110.25/20. Option
expiries layered between the Y110.00 to Y110.50 levels may prove attractive,
with $671mln due to roll off at Y110 and $780mln due to roll off at Y110.50 at
today's NY cut.

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