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Continues to consolidate between.........>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Continues to consolidate between Y109.40/70, the rate seemingly
hemmed in by domestic demand, with reports of stronger support placed lower down
between Y109.20/25. Rate was pushed up to Y109.69 ahead of the Tokyo fix but
failed to push higher as move said to have met option linked resistance placed
toward Y109.80. Stronger option linked resistance suggested toward Y110.00. Some
suggest that Friday's decent sized Y109.50 option roll off is helping to anchor
the rate, $2.7bln with $2.34bln of that USD calls.  
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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