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USD/JPY is lower in Asia-Pac trade,.............>

YEN
YEN: USD/JPY is lower in Asia-Pac trade, retreating from highs hit late on
Wednesday. The pair is last down 24 pips at 109.32 after earlier touching
session highs at 109.72. After a risk off rout in the previous day stocks were
higher in the US, helping engender a risk on environment and seeing offers in
the yen. However while Asia-Pac stocks are in the green yen has seen bids as the
Asia session has progressed. 
- Other yen crosses are leading the move lower, AUD/JPY is weaker last down at
86.335, as AUD weakens, the pair is seeing profit taking after rising over 1% on
Tuesday. 

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