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USDJPY dips back under the 100-dma.......>

DOLLAR-YEN
DOLLAR-YEN: USDJPY dips back under the 100-dma Y111.03), despite this remains at
elevated levels amid the backdrop of renewed risk appetite. Bulls topside focus
remains on a break of the 200-dma & down trendline resistance at Y111.47/57.
- Retail Sales are dup up at the bottom of the hour, ISM mfg follows at 1400GMT.
Retail sales in the US increased 0.2% in January and are expected to increase by
0.3% in February. The ISM Manufacturing Index was 54.2 in February and the MNI
median anticipates the index to increase to 54.6. USDJPY last Y110.97. 

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