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USDJPY remains at elevated levels,.......>

DOLLAR-YEN
DOLLAR-YEN: USDJPY remains at elevated levels, resting on the 200-dma &
down-trendline resistance at Y111.48/51. A close above here brings the 112 level
into view, ahead of previously broken channel base support-turned-resistance at
112.12.
- US date due up: ADP (1215GMT), Svcs PMI (1345GMT) and ISM Non-mfg (1400GMT).
The nonmanufacturing ISM reading is expected to fall to 58.0 in March after
rising to 59.7 in February. The Philadelphia Fed nonmanufacturing index surged
to 21.7, the Kansas City services reading declined to -2, and the Dallas
Services index fell to -4.4 and the flash Markit Services index fell to 54.8.

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