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USD/JPY has edged lower, trading 10......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has edged lower, trading 10 pips worse off, and last deals
at Y108.36 after advancing 26 pips Thursday, as yen strength observable in
yesterday's Asia-Pacific session somewhat waned thereafter, as U.S. equity
markets ticked higher. Japanese equity futures are in the red ahead of the Tokyo
open. 
- Bears keep an eye on the psychological Y108.00 level, breached a few times
yesterday, and a close below would allow them to target Y107.77, where USD/JPY
bottomed Thursday. Conversely, bulls focus on another psychological level at
Y109.00, which also represents the Jan 9 high, before challenging the Jan 2 high
of Y109.73. 
- Japanese trade balance (BoP basis) is due in 15 mins.

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