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USDJPY has extended Friday's weakness,..........>

YEN
YEN: USDJPY has extended Friday's weakness, breaking firmly back into its
downtrend in line with the back up in JGB yields following rumors that the BOJ
may adjust its bond buying programme. The pair trades at 110.95, just above its
50DMA and testing its uptrend since May. 
- As we pointed out on Friday in 'Yen Regional Resilience Here To Stay -
Potential For Bearish Reversal In EURJPY', the yen was looking attractive versus
the KRW and EUR, and the recent move has strengthen its case.
- EURJPY is pushing below its 100DMA, currently trading at 130.19 and also
threatening to break back into its broader downtrend. A break below 130.00 would
strengthen this case. 
- KRWJPY has hit fresh July lows today, trading at 9.8240, with the next
downside target at the June low of 9.6670. A break of this level would test the
broader 12-month uptrend. 
- AUDJPY remains well within its 6-month range but has broken below its 50 and
100DMAs today. 

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