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Consolidation remains the theme with the...>

EURO-YEN
EURO-YEN: Consolidation remains the theme with the pair largely consolidated to
a narrow 20 pip NY range. Supply is reported on approach to Y133.00 (Y132.96/98
- Intraday high, daily cloud top), a break opens Y133.07/21 (38.2%
Y134.38-132.26, Dec6 high). On the calendar this afternoon ECB President Mario
Draghi will participate in his capacity as Chair of the Group of Governors and
Heads of Supervision (GHOS) in a press
conference by the Bank for International Settlements at 1600GMT. Eur/Jpy last
Y132.85. 

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