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With the risk-on tone spilling over into........>

YEN
YEN: With the risk-on tone spilling over into Europe, markets have witnessed
early gains via JPY crosses lending support to the majors. Aud/Jpy lifts to 1
month highs of Y83.86, next resistance at Y84.53/78 (Mar13 high, 50% of 2018
range Y89.07-80.50). Eur/Jpy prints Y132.64 with the 100-dma at Y133.07. Gbp/Jpy
touches Y153.18, next resistance at Y153.87/04 (76.4% 2018 range Y156.61-144.99,
Feb8 high). Nzd/Jpy moves through the 200-dma to Y79.52, Cad/Jpy lifts to Y85.58
and will look to challenge the 100-dma at Y86.21.

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