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USD/JPY last trades at ~Y112.40, as it...>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last trades at ~Y112.40, as it continues on its move away
from Y111.63, which represents Monday's low. 
- The rate's move higher was underpinned by strong U.S. & local equity market
performance Tuesday, with the Nikkei adding ~1.7% in early dealing today. 
- Bulls need a break of Y112.50 to challenge the 50% retracement of October's
downtrend at Y113.09, whereas bears look for a rout below Y112.00 before they
target the 100-DMA at Y111.34 in search of a reversal pattern. 
- The BOJ left the size of its Rinban operations covering the 1-10 Year buckets
unchanged today. 
- Key themes to watch are the BoJ Rinban operations (Friday), addresses from
Gov. Kuroda (Thursday & Friday) & Dep. Gov. Amamiya (Saturday), as well as
Japanese CPI (Friday).

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