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USD/JPY fell 18 pips overnight and.......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY fell 18 pips overnight and last trades at Y111.25, as the
yen outperformed its G10 peers on the back of broader safe haven demand, even as
the Nikkei 225 moved away from worst levels.
- Following a breach of the 21-DMA at Y111.26, bears look for consolidation
below before challenging Y111.01, where the rate bottomed last Friday.
Meanwhile, bulls need a return above the aforementioned 21-DMA before targetting
the cloud Tenkan Sen, located at Y111.35.
- Japanese Nikkei m'fing PMI and national CPI data both hit on Friday, while
tomorrow's BoJ Rinban ops will also provide some interest. Elsewhere, the BoJ
will release its Jan MonPol meeting minutes tomorrow.

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