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USDJPY pare some of yesterday's sell off

JPY

USDJPY test the session high, fading some of yesterday's fall.

  • Broader USD bid and tick lower in Treasuries is helping somewhat.
  • Some will look at 104.00 next, ahead of MNI tech resistance 104.40/46 High Jan 11 / 1.0% 10-dma envelope .

Looking at option expiry for today:

  • USDJPY: 104.00-104.15 (1.37bn)

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