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Break above Y106.10 allows rate to.......>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Break above Y106.10 allows rate to extend further its recovery off
Tuesday lows of Y105.74. Rate pushed on to Y106.24 before momentum faded,
currently trades around Y106.15. A lot of option expiry interest for today's NY
cut, which could be helping to draw the rate higher. Expiries of note include,
Y105.90-106.00($1.33bln), Y106.30-40($1.48bln), Y106.50-60($2.17bln),
Y106.70-75($1.44bln), Y106.80-85($1.09bln). Support reported into Y105.80/70. 
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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