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USD/JPY well supported

  • Japanese investor and importer USD/JPY bids layered 118.70-20

  • Daily Kinsen line and 21-DMA at 118.56 shape initial support

  • Daily Ichimoku cloud 117.96-118.06

  • Very thin clouds attract

  • Few notable expiries 118.00 USD 577mln. 119.40 USD 506mln

  • USD/JGB seen modest narrowing after Yellen, 10's 5bp but 2's flat 

 

  • Market Data
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