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USD/JPY last deals at Y107.11, just 4....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last deals at Y107.11, just 4 pips higher at writing.
- Broader USD weakness weighed on the pair on Tuesday, allowing a brief foray
below the Y107.00 mark. Modest gains registered early doors were erased as U.S.
consumer confidence print was particularly poor, while concerns over a potential
impeachment probe into U.S. Pres Trump and the latter's combative stance re:
China and tech companies further damaged the greenback. Renewed buying pressure
was seen as the POTUS pledged to release the transcript of his controversial
call with his Ukrainian counterpart Zelensky, but the rate pulled back promptly.
- Bears look for a dip below the nearby 50-DMA at Y107.06 before targeting
Y106.94, the 38.2% retracement of the Aug 26-Sep 18 rally. Bulls look to retake
the 23.6% retracement of the aforementioned range at Y107.53.
- The Nikkei reported that Japan plans to put U.S. auto tariffs removal in a
bilateral trade accord both sides are working on.
- On the radar today are the minutes from BoJ's Jul MonPol meeting and comments
from BoJ's Masai. BoJ Governor Kuroda will speak on Thursday, while Tokyo CPI
comes out the next day.

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