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The release of stronger-than-expected....>

DOLLAR-YEN
DOLLAR-YEN: The release of stronger-than-expected US Industrial Production
(+1.1% vs median +0.4%) lifted to react highs of Y105.90, before weaker
revisions countered. The earlier USD demand was linked to unsubstantiated market
talk of an advisory firm report doing the rounds where the Fed will prepare for
up to 4 rate hikes this year. If Usd/Jpy can reclaim the Y106 handle then look
to test resistance at Y106.38/41 (Intraday, March15 highs).  

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