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USD/JPY well supported

Wednesday, February 25, 2015 8:41 AM UTC

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

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USD/JPY well supported

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