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The pair nearing Asian session highs.....>

DOLLAR-YEN
DOLLAR-YEN: The pair nearing Asian session highs of Y111.33 as dollar
strengthens across the board. The firmer dollar appears to be on a correction in
the greenback after the previous declines. Overnight slightly hawkish comments
from Fed Chair nominee Powell may also be a possible reason for dollar strength
in Europe this morning. Powell is also due to appear in front of the Senate
Banking Committee today, which will be of interest to the markets. Economists at
RBC "argue he is unlikely to upend the current narrative and last night's
release confirms that." The next point of resistance after the Asian highs is
visible at Y111.37/46 (61.8% Y111.69-Y110.84, hourly high).    

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