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A European bank out of Tokyo has.........>

DOLLAR-YEN
DOLLAR-YEN: A European bank out of Tokyo has reportedly been the predominant
seller from around the Y112.50 area that has helped push the dollar down to a
new low of Y112.19.  Regional equities are seen to weigh with all major bourses
trading in negative territory. Demand has been reported around Y112.00, which
fits in nicely with the technical picture, Y111.97 marks the 50% Fibonacci
retracement on the Y110.84 to Y113.09 rise. There are also a few close-by option
expiries; Y111.75-80($1.12bn), Y112.00($598mn) and Y112.25-30($633mn), that may
act to contain the near-term range. Dollar-yen was last at Y112.25.

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