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The earlier Goto-bi Day inspired.........>

MNI (London)
DOLLAR-YEN: The earlier Goto-bi Day inspired demand only managed to get USD/JPY
to a high of Y107.98 into the Tokyo fix, just missing another challenge on the,
what has become, stiff resistance between Y108.00/10. As momentum faded so
supply quickly weighed back on the rate which sank back into the 1600BST fix to
Y107.34. Post recovery topped out at Y107.57 before rate eased back toward
Y107.40. Support now seen at the low of Y107.34 ahead of Y107.25/20 and into
Y107.00. Resistance Y107.70/80, stronger between Y108.00/10. A break above
Y108.20 likely to pick up momentum. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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