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USD/JPY round tripped from its session...>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY round tripped from its session low of Y109.52 and last deals
at Y109.65, hovering just above neutral levels. Both swings occurred in sync
with the Nikkei 225, which slid right after the Tokyo equity open, only to
eventually return to positive territory. Worth noting USD/JPY stuck to a narrow,
17 pip range overnight.
- Above the Y109.77-83 region, which capped gains this week, would expose
Y110.04, which represents a 38.2% fibo retracement of USD/JPY's May range.
Conversely, bears look to the lower 1.0% 10-DMA envelope at Y109.10, located
just ahead of the lower Bollinger band (2%).
- Japanese focus turns to domestic PPI, due tomorrow, as as well as the BoJ
10-25+ Year Rinban ops, due Friday.

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