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USD-JPY led broader dollar declines today, which was further aided by a rally in Cable following above-forecast CPI data out of the UK. USD-JPY dove over 1%, more than double the decline the dollar has seen so far versus the euro and other currencies today, in making a five-month low of 107.41. This has swung September's low at 107.31 into focus. Buying around 108.00 was quickly absorbed, and a series of sell stops were reportedly triggered under the figure. The yen's outperformance appears to be tracking losses in U.S.





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