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Consolidates in a narrow 10 pip range....>

DOLLAR-YEN
DOLLAR-YEN: Consolidates in a narrow 10 pip range ahead of US data at the bottom
of the hour from Advance Trade, Wholesale Inventories and Weekly Jobless Claims.
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. Also a worthy reminder of the very
large Y113.00 ($1.8bn) option expiry which could anchor ahead of today's NY cut.
Usd/Jpy last Y112.89.

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