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Sterling-yen headed lower in Asia and early.....>

YEN
YEN: Sterling-yen headed lower in Asia and early Europe as an article in the
Times reported that forty MPs have agreed to sign a letter of no confidence
against Theresa May, which is just eight shy of the number needed to force a
leadership challenge. Sterling moved lower against the dollar and the yen on the
report. The next area of support for Gbp/Jpy appears to be at 147.78 (Oct 17th
lows). The pair trades currently at 148.19, which is near the intra-day low at
148.21. 

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