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Underpinned by the DXY comfortably.......>

DOLLAR-YEN
DOLLAR-YEN: Underpinned by the DXY comfortably holding above 95, USDJPY
consolidates in a narrow 20 pip range at the NY crossover. Technical traders
again look toward the 200-dma (Y110.25) seen as key for the next move, opening
Y110.38 (61.8% Y110.90-109.55). On the downside, a break of Y110.00 can look to
retest yesterday's low at Y109.55, opening Y109.34 (rising trendline support off
Mar26). Another very quiet calendar in the US today, the large $919mn Y110.00/05
option expiry could feature around the NY cut. USDJPY last Y110.05. 

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