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USD/JPY has shed 16 pips thus far and....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has shed 16 pips thus far and last sits at Y111.62. Modest
JPY strength has been apparent since Joongang reported that activity was
detected at North Korea's ICBM production facility.
- Wednesday's retreat in the U.S. benchmark equity indices allowed the pair to
close a dozen pips lower, as the yen benefited from safe haven demand.
- Bears eye the Dec 21/26 high of Y111.46/41, situated ahead of the 100-DMA and
200-DMA, both at Y111.38. Conversely, bulls look to the 100-HMA at Y111.84,
followed by the upper Bollinger band (2%) at Y112.11.
- Japanese focus turns to domestic GDP and BoP data (c/a balance & trade
balance), as well as BoJ 1-5 Rinban ops, all scheduled for Friday.

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