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The key Y112.00 level gave way early.....>

DOLLAR-YEN
DOLLAR-YEN: The key Y112.00 level gave way early Thursday amid rising risk-off
sentiment, before the rate moved higher alongside a recovery in risk sentiment,
with a show above down trendline resistance (Y112.58).
- JPY had limited reaction to the fall in U.S. equity index futures after the
cash close (post Amazon & Alphabet earnings), last dealing at Y112.35, back from
Thursday's high (Y112.67).
- Bulls look for move back above down trendline resistance to target the 21-DMA
(Y112.86). Meanwhile bears need a close below the up trendline support/50-dma
(112.07/13).
- Focus now turns BoJ Rinban operations covering 1-10 Year paper 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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