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USD demand in early Europe has since faded....>

FOREX
FOREX: USD demand in early Europe has since faded but we should see more
according to bank models as we approach month/quarter end. Eur/Usd dipped under
$1.24 to pullback lows of $1.2384 with next support at $1.2359/51 (50%
$1.2241-1.2476/Hly basing area Mar23). Gbp/Usd eased to $1.4169 with the Asia
low providing near-term support at $1.4150. Usd/Jpy holds just off the peak of
its daily Y105.33-73 range with the Y106.00/10 area reported to hold decent sell
interest. 

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