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Usd/Jpy consolidates Y107.63/68 ahead....>

DOLLAR-YEN
DOLLAR-YEN: Usd/Jpy consolidates Y107.63/68 ahead of the FOMC minutes release at
the top of the hour. The minutes should give us a signal that there could be 4
rather than 3 rate hikes this year. Investors will also pay close attention to
language around inflation and context to the added word "further" in further
gradual increases. Resistance remains at Y108.02/05 (50% Y110.48-105.55, Feb9
low). Support at Y107.28 from the intraday low. Usd/Jpy last Y107.65.

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