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The relief rally in Asian equities improved.....>

YEN
YEN: The relief rally in Asian equities improved risk overnight with JPY crosses
outperforming. EURJPY touched Y128.54 with next resistance seen at Y128.84 from
the 61.8% retracement of Y130.20-126.64, a break here opens the Oct 24 high &
100-dma at Y129.22/44. NZDJPY holds above the Y74.00 level targeting the October
highs & 100-dma at Y74.49/50, a break opens a move toward the triple-top
resistance area at Y75.50/55. CADJPY imrpoves to Y86.39 with near-term
resistance at Y86.52 from the 38.2% fibo of Y89.22-84.85. 

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