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USD remains under pressure as traders....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: USD remains under pressure as traders adjust positions ahead of the
release of FOMC Minutes at 1800GMT/1400ET. Rate had seen an intraday high of
Y111.28 on release of US CPI only to fall back since, breaking below Tuesday's
low of Y110.98 before finding support at Y110.85. Asian traders earlier
suggested watching out for support at the 50-dma/100-dma levels, currently at
Y110.87-91 respectively, with the Apr01 low of Y110.80 coming in just below. A
break of Y110.80-75 to expose Y110.50. Resistance remains into Y111.30.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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