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USD/JPY has edged higher and last sits...>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has edged higher and last sits at Y109.94, near the
psychological Y110.00 level, which was breached for the first time in 2019 on
Monday. Bulls now look for a move back above the figure, which would allow them
to attempt a retake of yesterday's YTD peak at Y110.16, followed by the Dec 31
high at Y110.48. Conversely, bears look to the Jan 30 high at Y109.74 and a
break below would bring yesterday's low at Y109.43 into view. 
- The rate added 39 pips yesterday, as U.S. stocks advanced, driven higher by
tech shares, while the greenback led gains among the G10 currencies. 
- Japanese trade balance (BoP basis) comes out Friday, while usual BoJ Rinban
ops will also attract interest.

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