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A low-key affair so far with the cross.....>

EURO-YEN
EURO-YEN: A low-key affair so far with the cross holding a tight Y132.24 to
Y132.37 range. Nikkei is supportive, but has backed away from the high, the cash
index currently up 0.40%. Further range-trading seems likely ahead of the
European open and release of Eurozone CPI and German/EU ZEW surveys.
Key-resistance lies at Y132.58 (50% Y133.50-Y131.66 decline), while yesterday's
base of Y131.66 provides support. Euro-yen was last at Y132.26.

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