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THAILAND

MPC Meeting Minutes Released

AUSTRALIA DATA

Australia Q1 Wage Price Index Up 0.6% Q/Q

US TSYS

Coiling

Still Correcting *RES 4: 110.17....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Still Correcting
*RES 4: 110.17 Bull channel top drawn off Aug 26 low
*RES 3: 109.32/37 High Aug 1 / 61.8% retracement Apr 24 - Aug 26 decline
*RES 2: 109.08 200-DMA
*RES 1: 108.94 High Oct 17
*PRICE: 108.38 @ 09:23 GMT Oct 23
*SUP 1: 108.16 Low Oct 16
*SUP 2: 107.85 Low Oct 11
*SUP 3: 107.41 Trendline support drawn off Aug 26 low
*SUP 4: 106.81 Low Oct 8
USDJPY finds some support this morning but remains corrective for now. A bullish
outlook remains intact with the focus on a test of the 200-DMA at 109.08. A
broader bullish resumption was confirmed Oct 16 following the clear breach of,
and close above the former bull trigger at 108.48, Sep 18 high. A move above the
200-DMA average would open 109.32, Aug 1 high and 109.93, May 30 high. Trendline
support lies at 107.41, drawn off the Aug 26 low.