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The noted buyers in the Y109.60's........>

DOLLAR-YEN
DOLLAR-YEN: The noted buyers in the Y109.60's provided a much needed cushion to
the dollar and news that South Korea's Moon said, 'there will be no war on the
Korean peninsula' has seen the dollar lift higher to Y109.93. Immediate
resistance lies at Y110.16 (38.2% Y110.95-Y109.67), There are also a number of
option expiries today between Y109.95-110.05($2.0bn) that will likely see some
gamma flows and provide a headwind. Dollar-yen was last at Y109.89.

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