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Free AccessUsd/Jpy: Asia open Y108.48, range.......>
YEN SUMMARY: Usd/Jpy: Asia open Y108.48, range Y108.05-49. Europe open Y108.07,
range Y107.57-108.07
* Usd/Jpy recovered off a post fix low of Y108.05 Thursday to Y108.70 before
rate settled back around Y108.50 into close.
* Corrective pullback continued into Asia as rate drifted down to Y108.14,
jumped to Y108.49 before fresh selling emerged.
* Rate retested Y108.05 and was again rejected prompting talk of large barrier
interest the figure.
* Stronger sales into Europe triggered the barrier, dipped UST 10y yield below
2.02%, took rate to Y107.63.
* Recovery effort was capped at Y107.87 before rate reversed to an extended low
of Y107.58.
* Recovery efforts from this low were capped at Y107.80 and allowed for another
ease lower to Y107.57 then settled around Y107.70.
* Break below Y129.91 in Eur/Jpy added weight to Usd/Jpy's fall. Cross traded
own to Y129.64
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.