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USD/JPY sees an initial low of 121.05 on selling interest into the Tokyo fix

Thursday, May 21, 2015 2:36 AM UTC

Buyers were lying in wait to get long, causing a bounce to 121.21
Japan May flash manufacturing PMI 50.9 from 49.9 April, USD/JPY unaffected
No reaction to slightly soft HSBC China flash PMI at 49.1 vs 49.3 expected

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USD/JPY sees an initial low of 121.05 on selling interest into the Tokyo fix

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