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USD/JPY advanced 34 pips Thursday and....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY advanced 34 pips Thursday and last deals at Y113.60, with
most major equity index futures trading marginally lower at writing. Yesterday,
the yen finished at the bottom of the G10 pile after coming under pressure from
positive signals re: U.S.-China trade relations in early Asia-Pac hours. 
- Bulls initially focus on Y113.71, where the rate peaked yesterday. Retaking
that level would allow them to target the Dec 3 high at Y113.85, followed by the
Oct 4 descending trend at Y113.92. On the downside, the next layer of support is
provided by Thursday's intraday low of Y113.21 and a break below would open up
the 50-DMA at Y113.02. 
- Participants turn attention to the BoJ Tankan survey due to be released in ~10
mins. BoJ Rinban ops will also be of interest today.

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