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USD/JPY last trades flat at Y109.86......>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY last trades flat at Y109.86 after closing 25 pips better off
yesterday.
- The first half of the day saw the rate operate at sub-neutral levels, as U.S.
Pres Trump's formal actions against Huawei, a softer Nikkei 225 & an uptick in
Australian unemployment rate upheld the general risk-off mood, providing support
to the yen.
- The rate advanced in the London & NY sessions, as the greenback staged a
comeback alongside the broader risk appetite. USD drew support from solid
domestic data releases, as well as better equity markets.
- Above Y110.00, which has remained intact this week, would open up the cloud
base, located at Y110.32. Bears need a fall below the 100-HMA at Y109.00 before
challenging Monday's 3-month low of Y109.02.
- BoJ 10-25+ Year Rinban operations take focus today.

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