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USD/JPY extended its winning streak to...>

DOLLAR-YEN: USD/JPY extended its winning streak to three straight days on
Wednesday. Although the rate edged lower in Asia-Pac trade, it staged a rebound
in early Europe on the back of reports re: progress in research into a
coronavirus vaccine. Firmer than expected U.S. data prints helped lift the rate
further in the NY session.
- With the rate currently at Y109.79, almost unchanged on the day, bulls hope
for a further lift above the Y110.00 mark. This would bring the Jan 17
multi-month high of Y110.29 into view. A fall below the 50-DMA at Y109.23 would
return the focus to the downside, initially to the 100-DMA at Y108.81.
- Remaining highlights this week include today's address from BoJ's Masai &
tomorrow's earnings/spending data.

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