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Tentative move back into risk as.........>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Tentative move back into risk as USD/JPY extends its recovery off
Monday's pullback low of Y108.46 (having seen risk induced high of Y109.07
earlier in the day) to Y108.75. UST yields have also edged higher. Expect minor
resistance again into Y109.00, more at Monday's high of Y109.07 ahead of
stronger interest at Y109.20 and Y109.50. USD/JPY remains the barometer of risk
and open to headline reaction.  
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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