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USD/JPY ticked higher during NY..........>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY ticked higher during NY dealing on Wednesday, with the cross
legging above Wednesday's top in early Asia-Pacific dealing to register a high
of Y110.68.
- This comes after the broader Cohen-based risk aversion observed late Tuesday
pressured the pair.
- USD/JPY appears more balanced on an intraday basis. Bulls will look to clear
the August 20 high (Y110.68) and close above the August 16 high (Y111.12). Bears
need a close below the 200-DMA (Y109.85) to shift focus toward the May 29 low
(Y108.11).
- Broader risk appetite is likely to shape the JPY for the remainder of the
week, with Japanese CPI due tomorrow.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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