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USD/JPY advanced 18 pips overnight and...>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY advanced 18 pips overnight and last deals at Y113.46. The
yen underperformed, pressured by modest risk on flows, with both regional stocks
& U.S. equity index futures ticking higher. The pair was capped by Y113.50,
possibly limited by BBG reports of Nissan repatriating equiv. of $1.1bn from
China. 
- Bulls eye the Dec 4 high at Y113.66 before attempting a move through the Dec 3
high at Y113.85, followed by the Oct 4 descending trend at Y113.92. On the
downside, bears look for a fall through yesterday's lows of Y113.14 ahead of
targeting the 50-DMA/Dec 11 low at Y113.02/01. 
- Japanese focus falls on BoJ Tankan Survey & BoJ Rinban ops due Friday.

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