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The Usd/Jpy break back above Y109.00 in....>

EURO-YEN
EURO-YEN: The Usd/Jpy break back above Y109.00 in tandem with firmer UST yields
seen lending support in early Europe. Eur/Jpy squeezed to fresh daily highs of
Y133.33 and holds firm at typing. Near-term resistance is seen at Y133.43/49
(Ichimoku cloud top, Apr24 high), opening a move toward Y133.95 (1.0% envelope
10-dma). Eur/Jpy failed to make a convincing close above the 100-dma (Y133.06)
in NY and will be watched on a closing basis today. 

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