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With US yields nudging higher the........>

DOLLAR-YEN
DOLLAR-YEN: With US yields nudging higher the dollar has overcome resistance in
the mid-Y109.50's to post a top so far at Y109.64. Risk-on remains the theme
with N. Korea/US tensions easing somewhat after the US's top general said the
focus was on a diplomatic solution to N Korea. Supply is being cited from
Y109.85 to Y110.00 with a mix of Japanese exporter and prop sellers, traders
also note a large option expiry for today at Y110.00($1.19bn) that may act to
contain the near term range. Dollar-yen was last at Y109.59.

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