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USDJPY remains at elevated levels on.....>

DOLLAR-YEN
DOLLAR-YEN: USDJPY remains at elevated levels on extended react to reports that
US & China are close to signing a trade deal. USDJPY briefly made a show above
Y112.00, but has since stalled ahead of Friday's ytd high at Y112.08. Near-term
resistance is seen at Y112.27 from the 76.4% retracement of Y114.55-104.87, a
break opens the Dec 19 high at Y112.67.
- GBPJPY trades around Y148.20 with bulls targeting a break of Friday's high
(Y148.57), before challenging down trendline resistance at Y149.09.

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