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The JPY has operated on the front........>

DOLLAR-YEN: The JPY has operated on the front foot, after JGB futures opened
around Friday's overnight session levels (although they trade some 20 pips off
of lows last as 10-Year cash JGB yields trade 4.0bp higher last, according to
- USD/JPY hovers around the low of Y110.91.
- Focus today will fall on the JGB market, as participants look to next week's
BOJ MonPol decision.
- The pair has breached the 21-DMA (Y111.24) and the daily bull channel base off
of the March lows (Y111.04), with hourly support from July 11 (Y110.75 eyed).
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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