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DOLLAR-YEN: The very strong US 30y auction was the catalyst to trigger fresh
dollar sales which saw Usd/Jpy move through the area of earlier lows. Recovery
efforts have so far remained shallow to keep the downside in check. Rate sits at
the base of its daily range, last Y111.08 with strong support seen through
Y111.05/00. A break could well trigger stops opening a deeper move toward
Y110.84 (Nov27 low).