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USD/JPY briefly traded higher on the.....>

DOLLAR-YEN: USD/JPY briefly traded higher on the back of the announcement of the
BOJ's fixed rate operation, topping out at Y111.17, before retracing to operate
at a fresh low of Y110.81 last.
- The 21-DMA (Y111.24) will likely act as the initial point of resistance on any
move higher, while hourly support from July 11 (Y110.75) provides the first
point of interest to the downside followed by the 55-DMA (Y110.42).
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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