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***Ahead of the opening of Japanese........>

EURO-YEN: ***Ahead of the opening of Japanese equities markets, demand out of
Tokyo has seen the cross rise sharply from mid-Y133.10's to Y113.48. There is
speculation that domestic life companies are behind the move and selling yen
against both the dollar and euro. Resistance is close-by at Y133.50 (61.8%
Y133.89-Y132.86 decline), a break to expose Y133.89 (Dec11 high). Euro-yen is
currently changing hands at Y133.43.

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