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The recovery off NK missile react lows...>

DOLLAR-YEN
DOLLAR-YEN: The recovery off NK missile react lows of Y108.34 extended to
Y108.95 overnight, before fading. Consolidation has remained the theme into
Europe with trade largely tied to a narrow Y108.80-90 range. On the topside next
resistance is seen at Y109.03/09 (Former hourly support now res, 50%
Y109.84-108.34), more techs at Y109.26/27 (Asia high, 61.8% Y109.84-108.34). A
break of the Asia low and look to retest YTD lows (Apr17) of Y108.13. Dollar-yen
last Y108.85. 

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