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Asian traders noted encountering.........>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Asian traders noted encountering strong demand interest at Y108.50
overnight, the level providing a base before rate recovered to Y108.81. Japanese
mega bank was a stand out buyer, among other Japanese names, sparking
suggestions of stealth demand. Onshore demand is said to be scattered down to
Y108.20. Same traders reported offers placed between Y108.90/109.00. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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