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USD/JPY, last 27 pips lower at...........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY, last 27 pips lower at Y108.70, sold off through the
overnight session as participants sought safety amid uncertainty surrounding the
timing and location of a summit, where Presidents Trump and Xi could sign off on
their phase-one trade deal.
- The slide hit the brakes just ahead of the 23.6% retracement of the Oct rally
at Y108.63. A clean breach of the level would open up the 38.2% retracement of
that rally/channel support at Y108.22/19. Meanwhile, bulls need a jump above the
200-DMA at Y109.03 before turning focus to the Oct 30 peak at Y109.29.
- Focus turns to Japanese earnings/spending data, due on Friday.

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