Broad-based dollar sales was the.........>

DOLLAR-YEN: Broad-based dollar sales was the overriding theme overnight, Usd/Jpy

moved through Y113.00 with added weight from Japanese exporters to Y112.78.

Recovery efforts have so far remained shallow in early Europe with next support

seen at Y112.70 from the daily cloud top. Bank models have suggested moderate

dollar selling linked to month/quarter/year end.

* Across the Atlantic the first releases come at 1330GMT. US Advance Trade

Balance, Advance Business Inventories and Weekly Jobless Claims are all

released. The level of initial jobless claims is expected to fall by 6,000 to

239,000 in the December 23 week after an increase of 20,000 in the previous week

that lifted the four-week moving average by 1,250.

* At 1400GMT is the US Milwaukee Manufacturing ISM Index.

* The US MNI Chicago PMI report is released at 1445GMT. The index is expected to

dip slightly to a reading of 63.0 in December after falling to 63.9 in November.

* Option-expiries today: Y111.50($452mn), Y112.00($517mn), Y112.50(435mn),

Y113.00($1.8bn), 

Y113.50($3.5bn), Y115.00($490mn), $116.50($2.29bn).