- Japanese importers bids seen at 119.50 levels
- Japanese pension funds buying on dip near 119.50 reportedly
- Offers are seen around 120.00; sell stops are close to 119.00
- Soft Nikkei futures; 72 hour log correlation of +0.55
- Narrowing 5year UST/JGB yield spread; 30/60 day correlation is +0.70/+0.62


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