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USD/JPY last trades at Y111.73, a........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last trades at Y111.73, a touch lower on the day, after the
pair round tripped from session lows of Y111.58, touched thanks to a negative
start for the Nikkei 225. The pair then moved higher, even as the Nikkei 225
remained in the red.
- The initial layer of support is provided by the Dec 21/26 high of Y111.46/41,
ahead of the 200-DMA at Y111.39. Conversely, bulls look to the 100-HMA at
Y111.84, followed by Y112.14, which represents the YTD high.
- Worth mentioning $1.58bn worth of options with strikes at Y112.00-05 expires
at today's 1000ET NY cut.
- On Friday, Japanese focus will turn to domestic GDP and BoP data (c/a balance
& trade balance), as well as BoJ 1-5 Rinban ops.

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