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USDJPY remains locked in the middle of...>

DOLLAR-YEN
DOLLAR-YEN: USDJPY remains locked in the middle of its Y108.22-57 daily range
ahead of US CPI at the bottom of the hour. Support is reported on approach to
the Y108.00 level (Y108.03 - Jun 6 low), a break opens the 2019 support line at
Y107.95.
- US CPI is expected to rise by 0.1% in May after a 0.3% gain in the previous
month. Gasoline prices are expected to be little changed, with some upside risk
suggested by the monthly AAA data. Food prices are expected to rebound after
posting a 0.1% decline in April. The core CPI is forecast to rise 0.2% following
a string of 0.1% gains. Apparel prices should rebound after declines in the
previous two months on technical factors.

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