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USD/JPY two-month range top under gun on stellar Housing data

  • USD/JPY two-month range top under gun after stellar Housing Starts/Perms data

  • Pair probes upper 21-day Bolli at 120.45; offers 120.50/85/121

  • Low volumes & fairly tight weekly Bolli create potential energy for breakout

  • 121+ close may back off export offers

  • Treasury-JGB yield spreads rising; 10s close to May highs

  • Market Data
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