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USDJPY based around the 100-hma..........>

DOLLAR-YEN: USDJPY based around the 100-hma (Y110.81) yesterday with the
recovery extending back through Y110.00 at the close. Firmer US equity futures
underpinned risk overnight, USDJPY squeezed to Y110.26 before fading. Bulls
target a topside break of the cloud base & 100-dma at Y110.44/51, above here
would cement the uptrend opening the 100-wma at Y110.79, ahead of the Y110.95/00
area which registered a series of hourly highs on May 6. 

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