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Back under Y112.00, after rate had.......>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Back under Y112.00, after rate had managed to extend its post BOJ
recovery to Y112.15 in early Europe. Rate currently trades around Y111.98.
Suggestions earlier that decent sized options, that expire Thursday and Friday
for $1.61bn and $1.62bn respectively, were seen exerting some attractive
influence over the rate, however, FOMC later overshadows. Getting from quite a
few directions that USD/JPY seen watching USD/CNH for direction. Resistance
Y112.15/18 ahead of Y112.25/35. Support Y111.71(Asia low). 
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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