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USD/CNH Sticking To Recent Ranges


Core FI Cheapens


Awaiting CPI Report


Risk Takes Breather

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DOLLAR-YEN: USD/JPY trades unchanged at Y112.77, after holding relatively steady
as risk sold off on Tuesday, before a recovery later in the session.
- The 76.4% retracement of the move from Y104.56 to Y114.73 at Y112.33 provided
support ahead of the 100-DMA on Tuesday, with bears needing a breach of the
latter. The up trendline is providing resistance at Y112.92 ahead of the 21-DMA.
- Focus during the remainder of the week falls on Japanese CPI & BoJ Rinban
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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