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USD/JPY has ticked lower on the back.....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY has ticked lower on the back of a pretty uneventful monetary
policy decision from the BoJ. The central bank left its policy settings
unchanged. Lack of tweaks to the forward guidance might have been somewhat
disappointing to the doves. GDP and CPI forecasts were trimmed at the margin.
- The rate deals at Y108.72, 6 pips lower on the day and just above the session
low. A familiar technical picture remains intact. Bears continue to target the
50-DMA at Y108.36, while bulls keep an eye on the Jul 10 high of Y108.99, after
the pair topped out just shy of the level earlier in the session.

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