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USD/JPY trading range 120.08-39, Nikkei high 19,822.49.

  • Fresh foreign asset buys by Japanese pension funds all but confirmed

  • Bloc usually waits for dips but paid up this morning, flows abate since

  • USD/JPY offers in place still pre-120.50, 120.45 high Tuesday, stops 120.50+

  • Bids on dips towards USD565 mln in 120.00 vanilla option expiries

 

  • Market Data
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