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The break back above Y124.00 triggers......>

EURO-YEN
EURO-YEN: The break back above Y124.00 triggers renewed demand from
momentum-type accounts to fresh daily highs of Y124.13. Rate seen approaching
near-term resistance at Y124.22 from the 38.2% retracement of Y133.13-118.71.
EURUSD gets an added lift to $1.1456 on the move, targeting a break of the
100-dma ($1.1478) & 1.1500 level which has been hard to overcome in previous
sessions. 

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