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INDIA

Auction Devolved On To Dealers Again

GOLD

Falls Further

ASIA FX

Holiday Thinned Trade

FOREX

Market Holidays Limit Activity In Asia

EQUITIES

Market Closures Subdue Proceedings

OIL

Adds To Recent Gains

DOLLAR-YEN
DOLLAR-YEN: Claws its way up to Y110.47, holding just shy of its Dec31 high of
Y110.48 with resistance suggested in place toward Y110.50. A break here could
signal another round of general USD buying, and would expose next resistance at
Y110.60/70. USD retains a very buoyant tone across the board, hold just off
highs vs most of the majors. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com