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The pair opened in Asia at Y110.24.......>

DOLLAR-YEN
DOLLAR-YEN: The pair opened in Asia at Y110.24 toward the upper side of
yesterday's Y109.55 to Y110.44 range, upbeat US data, with ADP and Q2 GDP well
above expectations, placing the dollar on the front foot. Initial focus will be
on the opening of Japanese equity markets, Nikkei futures currently +0.3%. The
focus then switches to the Tokyo-fix, month-end rebalancing flows are said to be
US dollar buying across the board. Above yesterday's Y110.44 high resistance is
noted at Y110.65, which marks 38.2% fib retracement on Y114.49 to Y108.27
decline, while  hourly support is located at Y109.83. Dollar-yen is currently
changing hands at Y110.29.

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