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*Aug16 Dollar-yen open Y110.67, range...>

YEN SUMMARY
YEN SUMMARY: *Aug16 Dollar-yen open Y110.67, range Y110.55 to Y110.77 
*Dollar-yen opened in Asia toward the upper side of yesterday's Y109.61 to
Y110.85 range, where upbeat US Empire Manufacturing and Retail Sales data
underpinned the greenback. 
*Japanese accounts, similar to yesterday were the early buyers of yen crosses,
dollar-yen edged higher from Y110.55 to Y110.70 before fading
*Demand into today's Tokyo-fix then lifted the dollar from Y110.62 to Y110.73.
Post-fix, the move extended marginally to Y110.77 before stalling 
*For the balance of the session the pair consolidated in a tight Y110.62 to
Y110.70 range 
*Resistance is seen at Y110.94 (38.2% fib Y114.49-Y108.74), with supply then
cited around Y111.00, while hourly support is located around Y110.40 
*A busy session(s) ahead which includes; EZ Q2 GDP (cross flows), US Housing
Starts, Building Approvals and FOMC minutes

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