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USD/JPY last deals at Y108.66, almost....>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last deals at Y108.66, almost unch. on the day, after adding
52 pips Tuesday, as haven currencies were pressured by a positive day for global
equity benchmarks. Equity futures trade mixed at writing, with Japanese
contracts edging lower and their U.S. counterparts operating in the green. 
- Initial bullish focus falls on the nearby Y108.77 level, which capped gains
yesterday, and a break above would draw attention to the Jan 9 high at Y109.00.
A breach of the figure would suggest the formation of a bullish reversal.
Conversely, bears keep an eye on yesterday's low at Y108.14, followed by
Y108.00, which represents the option related support. 
- Japanese PPI & core machine orders are due in half an hour, while national CPI
& industrial output will hit on Friday. Elsewhere, Thursday will see remarks
from BoJ's Kuroda & Amamiya, while BoJ Rinban ops will also attract interest.

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