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The JPY crosses have turned bid into.....>

DOLLAR-YEN
DOLLAR-YEN: The JPY crosses have turned bid into the Tokyo fix, with traders
citing Gotobi demand & extra buying interest on the back of the Japanese
holiday.
- USD/JPY last deals at Y112.93. Bulls need to break the July 19 high (Y113.17)
for confirmation of the longer-term uptrend. Bears need a move back below
Y111.60 to shift the outlook neutral.
- The BOJ's MonPol meeting minutes (from the July meeting where it tweaked the
YCC programme) offered no surprises, with traders now looking to the BOJ's 5-10
Year Rinban operations and an address from BOJ Governor Kuroda later today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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