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As the buoyant tone continues in NY,.....>

DOLLAR-YEN
DOLLAR-YEN: As the buoyant tone continues in NY, dollar-yen extends the slow
grind to Y109.70 before meeting resistance from the European high. More techs
are seen at Y109.77/83 (Asia high, Aug23 high), offers placed behind through
Y109.85/00. The Y110.00 level also holds very large ($1.93bn) optional-expiry
interest for today's NY cut. Immediate focus turns to US data at the bottom of
the hour from Durable/Cap goods. 

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