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Yen crosses are coming under pressure...........>

YEN
YEN: Yen crosses are coming under pressure following weakness in stocks that has
spilled over from the US session. 
- USDJPY is caught between the upside force of rising US real yields, which are
hitting new cycle highs, and the downside force of declining global stocks. Any
renewed downside momentum in US real yields, triggered potentially by falling
stocks, would likely see USDJPY downside, delivering further damage to the
crosses. 
- EURJPY is just above the 129 level as the reversal from yesterday's highs
continues. 
- AUDJPY is approaching range lows at 79.50, and a break below here would
suggest a resumption of the broad downtrend. 
- KRWJPY failed to overcome the 10.0 level yesterday which has sent the pair
back into the middle of its recent range. 

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