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The yuan weakness stemming from the......>

DOLLAR-YEN
DOLLAR-YEN: The yuan weakness stemming from the softer PBOC fix & USDCNH
breaching 6.7000 has led to broader risk off flows & USD strength against all of
the majors ex. JPY. USD/JPY has traded either side of Y111.00 in line with
broader risk sentiment, last Y110.85.
- Elsewhere, Reuters sources were the latest to suggest that the BOJ will trim
its inflation outlook at its MonPol meeting later this month.
- Initial USD/JPY support is noted at Y110.38 (Low June 29).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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