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Another move lower, but reports of.......>

DOLLAR-YEN
DOLLAR-YEN: Another move lower, but reports of local corporate demand provides a
cushion. A slightly weaker dollar remains the theme in lacklustre Asia markets.
Further sideways trading is expected ahead of key economic data out of the US
tonight. Decent technical support is seen at Y111.96/82, the level holds 38.2%
fib retracement on Y109.56-Y113.44 and 200-dma, while Asia's high of Y112.31
provides initial resistance. Dollar-yen was last at Y112.12 and the range so far
has been Y112.02-Y112.31. 

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