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USD/JPY has hit fresh lows, near 134.00 (134.06) as Ueda's confirmation hearing continues. Note support was evident around the 134.00 level at the start of the week. We have stabilized somewhat now, last near 134.25/30. Still, a decent pull back from earlier highs of 134.90. In the bond space we aren't seeing any dramatic shifts, with futures holding their modest uptick.

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