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Continues to find the air a bit thin.....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Continues to find the air a bit thin above Y109.50. Made a show
above Friday, touched Y109.53 before retreating, with Asia this morning taking
it to Y109.54 then falling back again, posting fresh intraday lows into Europe
of Y109.35and finding some support around its 50% retrace of the move up from
Thursday's low of Y109.18 to this morning's high of Y109.54. Expect support to
remain from around Y109.20, and extending through to Y109.00. Resistance
Y109.50/55, stronger between Y109.70-80 and into Y110.00.  
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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